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Edisun Power Europe AG: Investors send out a clear signal in favor of solar energy: Edisun Power bond heavily oversubscribed

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Edisun Power Europe AG / Key word(s): Bond

18-Nov-2021 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.

Ad hoc announcement pursuant to Art. 53 LR
Zurich, November 18, 2021

Investors send out a clear signal in favor of solar energy: Edisun Power bond heavily oversubscribed

The CHF 20 million bond with a five-year term (December 1, 2021 - November 30, 2026) and a 2% interest rate issued on August 26, 2021 has met with extremely great interest among both existing and new investors.

The bond has been considerably oversubscribed with a total of CHF 39.3 million. The Board of Directors has decided to exercise the option in the issue prospectus and increase the size of the bond by CHF 19.3 million to CHF 39.3 million.

Edisun Power will use the funds to replace the 2% 2016-2021 bond for CHF 12.25 million due to expire on November 30, 2021 and to cover the Group's ongoing financial requirements.

Alongside the financial support, the company has detected a strong desire among investors for a rapid expansion of solar power production and a climate-neutral energy supply. This serves as encouragement for Edisun Power to advance even faster along the course embarked upon.

For more information
Rainer Isenrich, CEO, +41 44 266 61 21, info@edisunpower.com

Edisun Power Group
A listed European solar energy producer, the Edisun Power Group finances and operates solar power installations in a number of European countries. Edisun Power began its involvement in this sector as far back as 1997. The company has been listed on the Swiss Stock Exchange since September 2008. Edisun Power has amassed extensive experience in the realization and acquisition of both national and international projects. Currently, the company owns a total of 38 solar energy installations in Switzerland, Germany, Spain, France, Italy and Portugal.


End of ad hoc announcement

Language:

English

Company:

Edisun Power Europe AG

Universitätstrasse 51

8006 Zürich

Switzerland

Phone:

+41 44 266 61 20

Fax:

+41 44 266 61 22

E-mail:

info@edisunpower.com

Internet:

www.edisunpower.com

ISIN:

CH0024736404

Valor:

2473640

Listed:

SIX Swiss Exchange

EQS News ID:

1249982


 

End of Announcement

EQS Group News Service

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