By Mary-Katherine Stinson
Lexington, Ky., April 9 – hep solar projects GmbH placed €16.8 million of 8% green bonds 2023/2028 at par, according to a company announcement.
The bonds are issued for a five-year term beginning on the value date of Nov. 22, 2023 to Nov. 22, 2028 (exclusive).
The issuer has special termination rights beginning Nov. 23, 2026 at 102 and from Nov. 23, 2027 at 101.
There is a change of control put.
Interested investors in Germany, Austria and Luxembourg may subscribe for additional bonds for up to €30 million of the bonds in total through the public offer via the issuer’s website at www.hep.global/green-bond-2023 and via selected sales partners.
The offer period began on Oct. 6, 2023 and will end on Oct. 2, 2024.
Lewisfield Deutschland GmbH is managing the issue as the financial advisor.
The bonds will trade on the open market of the Deutsche Borse AG.
hep solar projects is a wholly owned subsidiary of Baden-Wurttemburg-based hep global GmbH, a specialist in solar parks and solar investments.
| Issuer: | hep solar projects GmbH
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| Issue: | Green bonds
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| Amount: | €16.8 million
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| Maturity: | Nov. 22, 2028
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| Financial advisor: | Lewisfield Deutschland GmbH
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| Coupon: | 8%
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| Price: | Par
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| Yield: | 8%
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| Call features: | From Nov. 23, 2026 at 102; from Nov. 23, 2027 at 101
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| Change of control: | Yes
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| Settlement date: | Nov. 22, 2024
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| Distribution: | Public offer in Germany, Austria and Luxembourg
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| ISIN: | DE000A351488
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