PNE AG Successfully Completes Corporate Bond Placement

PNE AG has finalized the placement of its 2026/2031 corporate bond, achieving an issue volume of EUR 36.0 million with a coupon rate of 7.000%. This placement saw strong interest from existing investors, with an acceptance rate of approximately 42% during the exchange offer, indicating robust demand despite not reaching the initially targeted volume.

The bond aims to optimize PNE AG's maturity profile, supported by a solid liquidity position of EUR 61.2 million as of March 2026. The interest rate set at 7.000% lands in the lower half of the expected range, reflective of favorable investor sentiment.

However, some hesitation persisted among new investors, which was attributed to broader challenges in the renewable energy sector rather than PNE AG's performance. Trading of the bond is slated to commence on Deutsche Börse AG's Open Market by mid-June 2026.