Frankfurt/Main – hep global GmbH has successfully placed its 6.5% green bond 2021/2026, raising EUR 25 million. The international specialist for the development, realisation and operational management of photovoltaic projects is based in Güglingen, Germany. The debut bond was placed with institutional and private investors. The proceeds from the issue are earmarked for growing the company and in particular to finance the future acquisition of photovoltaic projects.
The security qualifies as a green bond, with sustainability rating agency imug having confirmed in a Second Party Opinion (SPO) that hep global GmbH’s green bond complies with the Green Bond Principles (GBP) published by the International Capital Market Association (ICMA). The issue was supported by Lewisfield Deutschland GmbH as financial advisor and by Quirin Privatbank AG as bookrunner.
A CMS team headed by lead partner Philipp Melzer advised the company on all legal aspects of structuring and issuing the green bond.
hep global GmbH is an international specialist for the development, construction and operation of solar parks from a single source, with a focus on the US, Japan, Germany and Canada. In its Investments division, hep covers the design, management and distribution of alternative investment funds via its own investment management company.
CMS Germany
Philipp Melzer, Lead Partner, Frankfurt/Main
Patrick Damanik, Senior Associate, Frankfurt/Main
Ronja Quooß, Associate, Frankfurt/Main, all Banking & Finance
Dr Kai-Guido Schick, Partner, Stuttgart
Dr Kathrin Groß, Senior Associate, Stuttgart, both Investment Law
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