The CCE corporate bond to finance its photovoltaic projects
At the end of 2020, the CCE-Clean Capital Energy Group successfully placed its first corporate bond. The bond has a total volume of 30 million euros. The proceeds of the bond will enable the company to secure new projects in the short term and finalise the existing project pipeline. A further part of the capital is also to be used for the construction of photovoltaic power plants.
For the bond, which has a short maturity of 1.5 years, investors will receive an interest rate of 10% p.a. At the end of the term on 20 June 2022, the bond will be redeemed at par. The minimum volume of a CCE Group bond for investors is 100,000 euros.
The majority of the bond has already been subscribed by institutional and private investors during the subscription period. A remaining contract can currently still be acquired via the over-the-counter market at the Munich Stock Exchange.