Edisun Power Europe AG: Investors send out a clear signal in favor of solar energy: Edisun Power bond heavily oversubscribed Donnerstag, 18. November 2021 - 07:01

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.