PNE Issues Bond: PNE AG Plans €65 Million for Refinancing and Project Business

Cuxhaven – PNE AG intends to strengthen its financing structure with a new corporate bond. As the listed project developer announced, the management board, with approval of the supervisory board, has resolved to issue a bond with a volume of up to €65 million. The issuance is planned for the second quarter of 2026. It will be the fourth bond issued by PNE over the past 13 years.

The bond will run from 18 June 2026 to 18 June 2031. An interest rate in a range between 6.75% and 7.75% is envisaged, with the final coupon expected to be set on 11 June. The issuance is being arranged by IKB Deutsche Industriebank AG. The bond is also intended to be included in the open market of the Frankfurt Stock Exchange. In parallel, an exchange offer will be launched for investors holding the existing 2022/2027 bond. The public offer is aimed at investors in Germany, Austria and Luxembourg.

PNE describes the transaction as a “early refinancing of the 2022/2027 corporate bond.” The objective is in particular “to improve the financing structure, especially the maturity profile of the debt capital.” In addition, the proceeds from the issuance are intended to be used for “general corporate purposes.” These include, among others, project development and bridge financing for project execution.

“By issuing the bond, we are laying a solid foundation for realising our growth opportunities. It enables us to continue allocating funds to the development of our project pipeline as well as to the interim financing of projects. This sustainably strengthens our room for manoeuvre in implementing our Focus & Deliver strategy,” said Heiko Wuttke, CEO of PNE AG.

Source: IWR Online, 21 May 2026