Bankhaus Scheich successfully taps Photon Energy’s 7.75% bond issue 17/22 as Sole Global Coordinator

Bankhaus Scheich Wertpapierspezialist AG, Frankfurt am Main, successfully taps Photon Energy N.V.’s outstanding 7.75% bond issue 17/22 (ISIN DE000A19MFH4) as Sole Global Coordinator. The bond was increased by EUR 5.4 million to EUR 43 million in a private placement with Institutional European Investors. The company will use the proceeds from the increase of the bond to build further power plants in the “solar hotspots” Hungary and Australia for its own PV portfolio and to strengthen its financial basis.