The 8% Green Bond 2023/2028 (ISIN: DE000A351488) issued by hep solar projects GmbH, a wholly owned subsidiary of hep global GmbH—a Baden-Württemberg-based specialist in solar parks and solar investments—was admitted to trading on the Frankfurt Stock Exchange’s Over-the-Counter (OTC) market on April 5, 2024. The company has already placed €16.8 million. Taking into account existing commitments, this means that less than one-third of the maximum issue volume of €30 million remains available for subscription. Interested retail investors in Germany, Austria, and Luxembourg can continue to subscribe to the hep Green Bond 2023/2028 via the issuer’s website at www.hep.global/green-bond-2023 and through selected distribution partners. The issuance is being managed by Lewisfield Deutschland GmbH as financial advisor.
hep solar projects GmbH: 8% Green Bond 2023/2028 with a volume of €16.8 million is tradable on the Frankfurt Stock Exchange’s Over-the-Counter Market
Christian Hamann, CEO of hep global GmbH: “We would like to thank all investors who have shown their confidence in us by subscribing to this offering. We are very satisfied with the current placement rate, as the proceeds will enable us to finance the development of photovoltaic projects by the hep global Group in Europe, the United States, Canada, and Japan as planned. This will allow us to seamlessly continue our growth strategy, which should also have a positive impact on the further placement of this new green bond.”
| Issuer | hep solar projects GmbH |
|---|---|
| Financial Instrument | Green Bond (classified according to imug/SPO) |
| Issuance Volume | Up to 30 Million Euros |
| Placed Volume | 22.7 Million Euros |
| ISIN/WKN | DE000A351488/A35148 |
| Coupon | 8 % p.a. |
| Issue Price | 100 % |
| Denomination | 1,000 Euros |
| Valuta Date | November 22, 2023 |
| Tenor | November 22, 2023 - November 22, 2028 (exclusive) |
| Interest Payment | Semi-annually, in arrears on May 22 and November 22 of each year (first payment in 2024) |
| Redemption Date | November 22, 2028 |
| Redemption Amount | 100 % |
| Status | Senior unsecured |
| Early redemption Rights of the Issuer | Special redemption right for tax reasons; from November 23, 2026 at 102% of par value; from November 23, 2027 at 101% of par value; special redemption right if 80% of the total principal amount of the bonds has been repurchased, redeemed, or cancelled |
| Bondholder Put Rights & Covenants | Change of control, negative pledge, cross-default, reporting obligation |
| Governing Law | German Law |
| Prospectus | Securities prospectus approved by the Commission de Surveillance du Secteur Financier ("CSSF") in Luxembourg, with notification to the German Federal Financial Supervisory Authority ("BaFin") and the Austrian Financial Market Authority ("FMA"). The approval of the prospectus should not be understood as an endorsement of the offered securities. |
| Listing Segment | Open Market of Deutsche Börse AG (Freiverkehr of the Frankfurt Stock Exchange) |
| Financial Advisor | Lewisfield Deutschland GmbH |
Important Note:
This publication is neither an offer to sell nor a solicitation of an offer to purchase securities. The securities that are the subject of this publication are being offered by the issuer exclusively in the Federal Republic of Germany, the Grand Duchy of Luxembourg, and the Republic of Austria by way of a public offering. No public offering is being made outside the Federal Republic of Germany, the Grand Duchy of Luxembourg, and the Republic of Austria.
The securities are not registered under the U.S. Securities Act of 1933, as amended (“Securities Act”), and may not be offered or sold in the United States without registration under the Securities Act or an applicable exemption from registration requirements.
This publication does not constitute a prospectus. Investment decisions by interested investors regarding the securities mentioned in this publication should be made solely on the basis of the securities prospectus prepared by the issuer in connection with the public offering of these securities and the bond terms and conditions, both of which are available free of charge on the issuer’s website at www.hepsolar.com/en/green-bond-23-28.
This press release contains forward-looking statements. These statements are based on the current views, expectations, assumptions, and information available to the management of hep solar projects GmbH. Forward-looking statements should not be construed as promises of future results or developments and involve known and unknown risks and uncertainties. Various factors may cause actual future performance or events to differ materially from those described in these statements, and neither the company nor any other person assumes responsibility for the accuracy of the opinions expressed in this press release or the underlying assumptions. The Company assumes no obligation to update forward-looking statements. Furthermore, it should be noted that all forward-looking statements are valid only as of the date of this announcement and that the Issuer assumes no obligation, unless required by law, to update forward-looking statements or to adjust them to actual events or developments. The Issuer and its affiliates expressly disclaim any obligation to update, review, or correct the forward-looking statements contained in this announcement, whether as a result of new information, future developments, or for any other reason.