Green Bond 2021/2026

For the last 10 years, hep solar funded project development services mainly through specialized funds. Now, we’re taking early-stage and active development projects onto our own balance sheet. These phases stand out with a much larger number of projects in the pipeline, significantly higher margins compared to later stages, and relatively low capital needs per projected kWp. That’s why about 75% of the proceeds from the Green Bond 2021/2026 are earmarked to finance the acquisition of future photovoltaic projects in the early-stage and active development phases. The remaining ~25% goes toward working capital to fuel the group’s growth and expansion.

Million Euros

Maximum Issue Amount

Annual Coupon
Years Term

Mai 18, 2021 through Mai 18, 2026 (exclusive)

Creditors’ Vote

The bondholders of the Green Bond 2021/2026 (ISIN: DE000A3H3JV5) (“Green Bond 2021/2026”) of hep global GmbH (“Company”) approved, on May 5, 2026, at the 2nd bondholders’ meeting in Heilbronn, with the required majority of at least 75% (approval: 99.92%) and the required quorum of 25% (attendance: 43.96%) to amend the terms and conditions of the Green Bond 2021/2026. In accordance with the modified resolution proposal of SdK Schutzgemeinschaft der Kapitalanleger e.V. (“SdK”), published on the Company’s website on April 7, 2026, which the Company had endorsed, among other things, the term of the 2021/2026 Green Bond will be extended by 18 months until November 18, 2027. In addition, the interest rate on the bond will be increased from 6.5% to 8.0% if the Company does not fully repay the bond within 6 months of its original maturity date on May 18, 2026.

The Company would like to thank all bondholders for their strong support, as expressed through their votes. The one-time resolution fee will be paid following the implementation of the resolutions of the 2nd Bondholders’ Meeting, which is expected to take place by the end of June 2026. If the amendment to the bond terms does not take effect, no payment will be made. We will provide information regarding the effective date of the resolution via a press release on the website https://hepsolar.com/green-bond-2021-2026/. If you participated in the vote at the 2nd Creditors’ Meeting on May 5, 2026, please send the form available below, once the resolution has taken effect, to greenbond@hep.global.

Please note that, for technical reasons, trading in the Green Bond 2021/2026 will be temporarily suspended upon the expiration of the previous term on May 18, 2026. No transactions will be possible until trading resumes, which is why no reliable value can be displayed. Trading will resume as soon as Clearstream, as the central securities depository, has successfully filed the new bond terms. Trading is expected to resume at the end of June 2026.

Important documents for the creditors’ vote

(Documents available in German)

Key Facts

Issuerhep global GmbH
Financial InstrumentGreen Bond (classified according to imug/SPO)
Issuance VolumeUp to 25 Million Euros
Placed Volume25 Mio. Euro
ISIN/WKNDE000A3H3JV5 / A3H3JV
Coupon6.5 % p.a.
Issue Price100 %
Denomination1,000 Euros
Valuta DateMay 18, 2021
TenorMay 18, 2021 - May 18, 2026 (exclusive)
Interest PaymentSemi-annually, in arrears on May 18 and November 18 of each year (first payment in 2021)
Redemption DateMay 18, 2026
Redemption Amount100 %
StatusSenior unsecured
Early redemption Rights of the IssuerFrom May 19, 2024: 102% of principal;
From May 19, 2025: 101% of principal
Bondholder Put Rights & CovenantsChange of control, cross default, negative pledge, dividend restrictions up to €5.5M equity in 2021, €11M in 2022, and €15M from 2023 onward, dividend cap at 50% of amounts exceeding the applicable equity threshold, breach of encumbrance agreement for shareholder loans, transparency obligations, positive covenants
Governing LawGerman Law
ProspectusApproved securities prospectus by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg, notified to the German Federal Financial Supervisory Authority (BaFin) and the Austrian Financial Market Authority (FMA).

Approval of the prospectus should not be understood as an endorsement of the securities offered.
Listing SegmentOpen Market (Regulated Unofficial Market) of Deutsche Börse AG (Frankfurt Stock Exchange)
Finan­cial AdvisorLewis­field Deutsch­land GmbH
BookrunnerQuirin Privat­bank AG

Documents

(available in German)

Financial Reports

(available in German)

Financial Calendar

May 5, 2026, 10:30 a.m.: Second meeting of bondholders regarding the 2021/2026 Green Bond in Heilbronn
May 18, 2026: Semi-annual interest payment and redemption of the Green Bond 2021/2026
June 2026: 2025 Financial Statements
October 2026: 2026 Half-Year Financial Results
Evelyn Kilinc verschränkt die Hände vor dem Körper und blickt direkt in die Kamera. Sie trägt ein weißes Shirt mit V-Ausschnitt und einen schwarzen Blazer drüber. Ihr blondes Haar ist zu einem Zopf gebunden und sie lächelt wobei Ihre Zähne sichtbar sind.

Want to Learn More About Our Green Bond?

Sustainability isn’t just something we strive for — it’s built into our financial strategy. Evelyn Kilinc is your direct contact for questions about our Green Bond and for conversations around green finance more broadly. She brings deep insight into current market trends and is happy to help with any questions you may have.

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Grafik aus Linien, im Hintergrund ein weißer Halbkreis der unten durch eine dicke grüne Linie gekürzt wird. Auf der Linie bauen sich von links nach rechts versetzt Büsche, Solaranlage, höheres Auto, Solaranlage und gestapelte Münzen. Oben hinter dem Hochhaus verläuft noch ein Liniendiagramm was zu einer Sonne wird. Links ist noch eine Sprechblase mit "Solar Invest"
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