PCC. Direktinvest: Issuer of bonds since 1998

PCC SE is one of the most experienced bond issuers in Germany: Between the first issue on October 1, 1998 and December 31, 2022, we have issued a total of 86 bonds and one profit participation certificate. By the end of the last fiscal year, we had repaid 65 of these bonds and redeemed the profit participation certificate, with all interest and capital payments having been made to schedule. And this consistency has engendered a close relationship of trust between the more than 18,000 subscribers to PCC securities and PCC SE as the issuing entity.

The issuance of bonds (bearer debentures) is an essential financing instrument in the mix of equity and debt capital used in funding the sustainable and profitable growth of our group of companies. Bond issuances enable us, as the investment
holding company of the PCC Group, to react promptly to new market or investment opportunities and to finance both corporate acquisitions and the organic growth of our Group flexibly and independently of banks. The issuance of bonds to a broad circle of private and institutional investors will therefore remain a central pillar of our financing strategy, supplemented by targeted project and loan financing where appropriate.

The relatively small bond issuance volumes in amounts up to € 40 million provide us with the flexibility necessary to cover our financing requirements. At the same time, we benefit from a balanced process of fund inflows and repayment outflows without excessive peak burdens. In keeping with our conservative business philosophy, we only acquire funds through our security placements to the extent needed in each case by PCC as a growth-led investor to promote the further development of the Group.

1 Due to shortness of term, not included in the open (over-the-counter) market of Frankfurt Stock Exchange.

We regularly publish the latest relevant corporate and financial data of PCC in a timely and consistently transparent fashion. All such information can be found on the internet at www.pcc.eu under PCC. Direktinvest and at www.pcc-financialdata.eu, which is where the audited annual financial statements of PCC SE and the PCC Group are also available as PDF downloads. Our online archive contains all annual reports since their first publication in 2003 and all quarterly reports since they first appeared in 2001. The PCC. Direktinvest section of www.pcc.eu likewise contains information on our latest issuances and the PCC bonds in circulation.