Solen AG
PAYOM SOLAR AG: Final issuing volume of Payom Energy Bond
PAYOM SOLAR AG / Key word(s): Issue of Debt Corporate News Payom Energy Bond raised EUR 27.548.000 – Payom Solar closed the order book for 7.5 per cent bond with effect of February 10th, 2012 – A total amount of EUR 27.548.000 has been raised Hamburg, February 29th, 2012 – With effect from February 10th, 2012 Payom Solar AG closed its Energy Bond ahead of schedule. In total, an issuing volume of EUR 27.548.000 has been subscribed. The bond has a EUR 1,000 denomination and carries a five-year maturity with an annual interest rate of 7.5 per cent, due April 8th. The original subscription period was scheduled until March 20th, 2012. However, due to the on-going discussion about future feed-in tariffs and the latest developments in the solar energy sector no more denominations had been subscribed during the past few weeks. Therefore, the board of management has decided to close the order book early. 'We are pleased with the result of the placement', Claas Fierlings, CFO of Payom Solar, says, 'the amount raised provides the company sufficient capital to finance future operations.'
About Payom Solar AG:
Payom Group is an independent supplier of PV solutions with competitive know-how and experience in small to Further information is available at: www.payom-solar.de
Payom Solar AG End of Corporate News 29.02.2012 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
158577 29.02.2012 |