Green Bond
The Green Bond
with hep
The Green Bond from hep
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.
0
MWp
of developed projects
0
MWp
of secured projects in the pipeline
0
million euros*
of assets under management
*including managed third-party capital
*including managed third-party capital
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 in overview
0
million Euro
placed volume
0
% p.a.
coupon
0
years term*
*May 18, 2021 to May 18, 2026 (exclusive)
Key data in detail
| Issuer | hep global GmbH |
|---|---|
| Financial instrument | Green Bond (classified by imug/SPO) |
| Volume | Up to EUR 25 million |
| Placed volume | EUR 25 million |
| ISIN/WKN | DE000A3H3JV5 / A3H3JV |
| Coupon | 6.5% p.a. |
| Issue price | 100 % |
| Denomination | EUR 1,000 |
| Value date | 18 May 2021 |
| Term | 5 years: 18 May 2021 to 18 May 2026 (exclusive) |
| Interest payment | Semi-annually, in arrears on 18 November and 18 May of each year (for the first time in 2021) |
| Redemption date | 18 May 2026 |
| Redemption price | 100 % |
| Status | Unsubordinated, unsecured |
| Special termination rights of the Issuer |
|
| Termination rights of bondholders and covenants |
|
| Applicable law | German law |
| Prospectus |
|
| Stock exchange segment | Open Market of Deutsche Börse AG (“Freiverkehr“ of Frankfurt Stock Exchange) |
| Financial advisor | Lewisfield Deutschland GmbH |
| Bookrunner | Quirin Privatbank AG |
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