Green Bond 2021/2026

The Green Bond
with hep solar

The Green Bond from hep solar

The owner-run hep global group possesses a strong combination of extensive expertise in photovoltaics and investment. In its “Services” arm, the company operates as an international single-source specialist for the development, construction and operation of solar parks, focusing on the USA, Japan, Germany, and Canada. hep’s “Investments” department covers the shaping, management and marketing of Alternative Investment Funds through its own investment management company. Standardized processes between the “Services” and “Investments” arms enable quick transactions, with low costs.

The successful track record comprises 800 MWp of developed power output and a fund volume of approx. EUR 268 million (as at 3/31/2021) under management. With a pipeline of 5.3 GWp, hep has a strong basis for further dynamic growth. Anticipated total sales, based just on market values, for late-stage/notice to proceed projects to 2025 amount to over EUR 500 million.

Detailaufnahme von zwei Solarpanelen auf einem Solarpark
of developed projects
0 MWp
of secured projects in the pipeline
0 MWp
of assets under management
*including managed third-party capital
0 million euros*
Solarmodule eines Solarparks in Deutschland

Over the past 10 years, hep has primarily financed project development services through its own project development fund, but now the early-stage and “active development” project development is similarly being undertaken at its own expense. These development phases are characterized by a significantly larger number of projects in the market, alongside significantly higher margins compared to the subsequent phases, whilst also having a lower capital requirement per projected KWp. In light of this, around 75 % of the proceeds of issue from the Green Bond 2021/2026 are intended for financing the acquisition of future photovoltaic projects in the early stage and active development phase. Some 25 % of the incoming proceeds are planned as working capital to develop and expand the hep global group.

Key data at a glance

placed volume
0 million euros
coupon
0 % p.a.
*May 18, 2021 to May 18, 2026 (exclusive)
0 years term*
Issuerhep global GmbH
Financial instrumentGreen Bond (classified by imug/SPO)
VolumeUp to EUR 25 million
Placed volumeEUR 25 million
ISIN/WKNDE000A3H3JV5 / A3H3JV
Coupon6.5% p.a.
Issue price100 %
DenominationEUR 1,000
Value date18 May 2021
Term5 years: 18 May 2021 to 18 May 2026 (exclusive)
Interest paymentSemi-annually, in arrears on 18 November and 18 May of each year (for the first time in 2021)
Redemption date18 May 2026
Redemption price100 %
StatusUnsubordinated, unsecured
Special termination rights of the Issuer

  • From 19 May 2024 at 102% of the nominal amount

  • From 19 May 2025 at 101% of the nominal amount
Termination rights of bondholders and covenants

  • Change of control

  • Cross default

  • Negative pledge

  • Prohibition of distributions up to EUR 5.5 million in equity in 2021, up to EUR 11 million in equity in 2022 and up to EUR 15 million in equity from 2023

  • Distribution limitation to 50% of the amount exceeding the respectively applicable equity threshold

  • Violation of the retention agreement for shareholder loans

  • Transparency obligation

  • Positive pledge
Applicable lawGerman law
Prospectus

  • EU Growth 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
BookrunnerQuirin Privat­bank AG

Reports & documents

EU Growth Prospectus

Summary of the prospectus

Addition No. 1 to the Prospectus

Interest rate adjustment­s notice

Second Party Opinion imug | rating

Framework for Green Bond of hep global GmbH 

Financial reports

Consolidated half-year financial statements 2024

Consolidated Financial Statements 2023

Interim Consolidated Financial Statements 2023

Consolidated financial statements 2022

Interim Consolidated Financial Statements 2022

Consolidated financial statements 2021

Interim Consolidated Financial Statements 2020

Consolidated financial statements 2020

Consolidated financial statements 2019

Financial calendar

May 18, 2024

Interest payment for the Green Bond 2021/2026

June 28, 2024

Consolidated annual financial statements 2023

October 30, 2024

Consolidated half-year financial statements 2024

November 18, 2024

Interest payment for the Green Bond 2021/2026

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Your personal
contact

Thomas Tschirf

+49 7135 93446–0

greenbond@hep.global

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hep global GmbH
Römerstraße 3
74363 Güglingen

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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 global GmbH does not warrant that the bonds of hep global 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 EU Growth 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 global 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 global 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. The information and documents contained on the following website with all its sub-pages are not intended for US persons or persons resident in the United States of America, Canada, Australia or Japan. The information may not be viewed by or distributed to such persons, as the bonds referred to on this website may not be offered or sold in the United States or to or for the account or benefit of U.S. persons or other persons resident in Australia, Canada, Japan or the United States. Any violation of this restriction may constitute a violation of securities laws of such countries. 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 EU growth prospectus (including any supplements). In some other countries, too, the purchase of bonds on which information is made available on this website may be prohibited in general or for certain persons and may therefore only be possible for certain investors. The same may also apply to the dissemination of information about such notes. It is the responsibility of each user of this website to inform himself/herself about the restrictions applicable to him/her and to comply with them. By pressing the “I confirm” button, you confirm that you have read this notice regarding the information on the following website in full, that your residence and usual abode is in Germany, Austria or Luxembourg and that you will not transmit or forward the information contained on the following website to persons whose residence and usual abode is not in these countries.
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