Hilden-based GEPVOLT SE has issued a new seven-year corporate bond, marking its entry into the capital market. The bond has an issue volume of up to EUR 20 million, runs until 1 January 2033 and carries a fixed coupon of 8.00% p.a., paid semi-annually. The bond is listed on the Frankfurt Stock Exchange and can also be subscribed directly through the issuer.
GEPVOLT intends to use the proceeds to finance the expansion of its battery storage business. Specifically, the funds are earmarked for the standalone battery storage project currently under construction in Spremberg, Brandenburg. The project has a storage output of 12 MW and a storage capacity of 48 MWh.
The bond is a secured bond: bondholders‘ claims are backed by a collateral structure that includes, in particular, the project assets, assignments of receivables and land charges held in trust.
The company points to stable and predictable revenue models in the battery storage segment, drawn from grid services, energy trading and frequency regulation.
Key bond terms
- Coupon: 8.00% p.a., semi-annual interest payment
- Term: 7 years (until 1 January 2033)
- Volume: up to EUR 20 million
- ISIN: DE000A460DL7 / WKN: A460DL
- Minimum subscription: EUR 1,000
- Listing: Open Market of the Frankfurt Stock Exchange
- Collateral: project assets, assignments of receivables and land charges held in trust
