Green Bond 2023/2028

The Green Bond
with hep

hep solar projects GmbH is part of the hep global group and finances the realization of photovoltaic projects via group loans. Accordingly, the issue proceeds of the hep Green Bond 2023/2028 are to be extended to existing or future companies of the hep global group in the form of market-rate, unsecured group loans with a term of up to approximately three years. The loans will be used entirely to finance the hep global Group’s “services” business unit, which focuses on the development and construction of photovoltaic plants.

Key data at a glance

0 million euros
maximum issue volume
0 % p.a.
coupon
0 years term
November 22, 2023 to November 22, 2028 (exclusively)
Issuerhep solar projects GmbH
Financial instrumentGreen Bond (classified by imug/SPO)
Issue volumeUp to EUR 30 million
ISIN/WKNDE000A351488/A35148
Coupon8% p.a.
Issue price100%
DenominationEUR 1,000
Offer period6 October 2023 to 2 October 2024
Value date22 November 2023
Term5 years: 22 November 2023 to 22 November 2028 (exclusive)
Interest paymentSemi-annually, in arrears on 22 May and 22 November of each year (for the first time in 2024)
Redemption date22 November 2028
Redemption price100%
StatusUnsubordinated, unsecured
Special termination rights of the Issuer
  • From 23 November 2026 at 102% of the nominal amount

  • From 23 November 2027 at 101% of the nominal amount
  • Termination rights of bondholders and covenants
  • Change of control

  • Negative pledge

  • Cross default

  • Transparency obligation
  • Applicable lawGerman law
    Prospectus
  • Securities prospectus approved by the Commission de Surveillance du Secteur (“CSSF”) in Luxembourg with notification to the Federal Financial Supervisory Authority (“BaFin”) in Germany and the Austrian Financial Market Authority (“FMA”).

  • The approval of the prospectus shall not be construed as an endorsement of the securities offered.


  • Stock exchange segmentFrom 29 March 2024: Open Market of Deutsche Börse AG (“Freiverkehr“ of Frankfurt Stock Exchange)
    Financial advisorLewisfield Deutschland GmbH

    Documents

    Securities prospectus

    Prospectus supplement no. 1 of 25 October 2023

    Summary of the prospectus

    Terms and conditions of the Notes

    Second Party Opinion imug | rating

    Green Bond Framework of the hep global group from September 2023

    Articles of association

    Subscription form

    Consumer information

    Financial reports

    Opening balance sheet as of 28 August 2023

    Financial calendar

    22 November 2023

    Value date of the Green Bond 2023/2028

    29 March 2024

    Listing of the Green Bond 2023/2028

    22 May 2024

    Interest payment for the Green Bond 2023/2028

    June 2024

    Annual financial statements 2023

    October 2024

    Half-year financial statements 2024

    22 November 2024

    Interest payment for the Green Bond 2023/2028

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