Bonds

Why Invest?

Attractive annual coupon
Secured long-term and plannable cash flows from the portfolio for debt servicing
Use of group’s synergies leads to above-average performance of PV power plants and efficient use of capital
Clear growth strategy in promising future markets
Dedicated and experienced management team with long-term commitment from the owners
Transparent and open communication with capital markets

Green EUR Bond 2021/2027

Active

ISIN

DE000A3KWKY4, Open Market in Frankfurt

Denomination

EUR 1,000

Coupon

6.50% p.a., quarterly payments

Volume

EUR 80 million

Redemption Date

22.11.2027

Covenants

Dividend restriction (max 50% of distributable profits if EBITDA/ICR >2)
Pari passu – equal seniority of existing and future unsecured claims
Cross default
Negative pledge
Change-of-control clause
Equity ratio must always be at least 25%*
Transparency obligations on quarterly and annual reporting (the interest rate shall be increased by 1.00% per annum (ACT/ACT) for the Interest Period following the Interest Period in which the failure to fulfil the reporting obligations occurred.

Scoring

4 / 5

KFM-Mittelstandsanleihe Barometer: 4 out of 5

Prospectus

Prospectus (Summary)

Prospectus Supplement No. 1 from 6 October 2022

Green Financing Framework

Second Party Opinion

* Subject to current legal framework requirements. The sum of interest-bearing debt capital and equity capital are used as total capital to determine the Equity ratio.

CZK Bond 2016/2023

Ended

ISIN

CZ0000000815, Free Market in Prague

Denomination

CZK 30,000

Coupon

6% p.a., monthly payment

Volume

CZK 76 million

Redemption Date

12.12.2023

Covenants

Pari passu – equal seniority of existing and future unsecured claims
Cross default
Negative pledge
Change-of-control clause

Prospectus

EUR Bond 2017/2022

Ended

ISIN

DE000A19MFH4, Open Market in Frankfurt *

Denomination

EUR 1,000

Coupon

7.75% p.a., quarterly payment

Volume

EUR 45 million

Redemption Date

27.10.2022 (fully repaid)

EUR Bond 2013/2018

Ended

ISIN

DE000A1HELE2, Open Market in Frankfurt

Denomination

EUR 1,000

Coupon

8% p.a., quarterly payment

Volume

EUR 10.3 million

Redemption Date

12.03.2018 (fully repaid)

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