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

maximum issue volume
0 million euros
coupon
0 % p.a.
November 22, 2023 to November 22, 2028 (exclusively)
0 years term
Issuerhep solar projects GmbH
Financial instrumentGreen Bond (classified by imug/SPO)
Issue volumeUp to EUR 30 million
Placed volumeEUR 16.8 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 segmentOpen 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

    5 April 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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    The information contained on the following website is intended exclusively for persons who have their residence and usual abode in Germany, Austria or Luxembourg. In no other country does the information constitute a solicitation, an offer, an invitation to submit an offer or a recommendation to subscribe, buy or sell securities or to perform comparable legal transactions or legal acts. hep solar projects GmbH does not warrant that the bonds of hep solar projects GmbH described on the following website are suitable for all investors as an investment. There is no public offering of securities outside Germany, Austria and Luxembourg, nor is there any intention to do so. The public offer in Germany, Austria and Luxembourg will be made exclusively on the basis of a securities prospectus that has been approved by the Luxembourg securities supervisory authority, the Commission de Surveillance du Secteur Financier (“CSSF”), and notified to the Federal Financial Supervisory Authority (“BaFin”) as well as to the Austrian Financial Market Authority (“FMA”) pursuant to Articles 24 and 25 of Regulation (EU) 2017/1129 (Prospectus Regulation).

    The approval of the prospectus shall not be construed as an endorsement of the securities offered. It is recommended that potential investors read the prospectus before making an investment decision in order to fully understand the potential risks and opportunities of the decision to invest in the securities.

    Securities of hep solar projects GmbH may not be offered or sold in the United States of America (“United States”) or to, or for the account or benefit of, US persons (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”)) absent registration under the Securities Act or an exemption from registration under the Securities Act. hep solar projects GmbH does not intend to register the offer or any part thereof in the United States or to conduct a public offering of securities in the United States.

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    The copying, forwarding or other transmission of the information contained on the following internet pages is not permitted. This restriction expressly does not apply to the downloading of the securities prospectus (including any supplements).

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