- Total volume up to 20 million euros
- Split into two bonds with different maturities
- Start of subscription on 17 November 2022
- Sustainability rating “rfu qualified
- Commencement of trading on the Vienna MTF planned
Klagenfurt, 17 November 2022. PV-Invest GmbH, an established company in the renewable energy sector based in Austria, is issuing another Green Bond with two maturities (84 months: ISIN AT0000A31LR1; CFI DBFPGB), (120 months: ISIN AT0000A31LS9; CFI DBVPGB). Subscription starts on 17 November 2022.
Since its foundation, PV-Invest has stood for the generation of energy from sustainable sources. Power generation by means of photovoltaics is extremely effective and efficient, and the ecological footprint is small. On average, a PV power plant has saved the same amount of CO2 in its first year of operation as is produced during the generation of the individual power plant components. Moreover, photovoltaics is a growth market of enormous proportions.
Ambitious climate targets and a steadily increasing demand for energy are among the main drivers of this growth. In March 2022, the company was evaluated by the Austrian rating agency rfu and achieved the status “rfu Qualified” in the sustainability rating with an excellent rating result of “ab”.
The total volume of the issue is up to 20 million euros. As in previous years, investors can choose between one of two variants, the PV-Invest Green Bond 2022 – 2029 with a term of 84 months and an annual interest rate of 4.75% p.a. and the PV-Invest Green Bond 2022 – 2032 with a ten-year term and a variable interest rate. The variable interest rate for the Green Bond 2022 – 2032 is calculated on the basis of the 3-month Euribor, with an annual reference date of 31 October, with a premium of 3% (rounded up or down). In the first year, the interest rate of the variable Green Bond 2022-2032 is also 4.75%.
With a denomination of 1,000 euros, the Green Bonds are designed for both private and institutional investors. According to § 14 EStG, corporate bonds are eligible for the profit allowance as an investment. As corporate surplus accountants and balance sheet preparers, entrepreneurs can thus claim a profit allowance of up to 13% of their profits. The PV-Invest Green Bond also offers attractive and ecological returns.
The net proceeds from the Issue of the Notes will be used by the Issuer in the acquisition or building of new photovoltaic and hydropower plants, in particular but not limited to Italy, as well as in the refurbishing and maintenance of existing power plants. The Issue of Notes does not refinance existing Note liabilities of the Company. For the estimated expenses of the offer see below.PV-Invest is currently concentrating on expanding its portfolio in the region where the company built its first power plants. In the south of Italy, in Apulia, PV-Invest is developing a number of projects that benefit from the region’s strong solar radiation and are just waiting to be implemented.
Investors can obtain information and download the subscription form directly from Thursday, 17 November 2022 via the company’s hotline +43 (0) 463 218 073 -23 or via the company’s website www.pv-invest.com . For investors who do not have their own securities account, PV-Invest GmbH offers settlement via a collective securities account managed in trust.
The issue is being made on the basis of the securities prospectus approved by the Commission de Surveillance du Secteur Financier in Luxembourg (CSSF) on 14 November 2022, published and notified to the Bundesanstalt für Finanzdienstleistungsaufsicht (“BaFin”), the Österreichische Finanzmarktaufsicht (“FMA”) and the Slovenian authority Agencija za trg vrednostnih papirjev.
Medien & Investor Relations
Ansprechpartner Medien & Investoren
+43 (0) 463 / 218 073 -23
About the company
PV-Invest is active in the renewable energy sector and produces electricity from photovoltaic and small hydropower plants with its subsidiaries. The company currently has existing properties with a total output of 59 MWp in operation in ten countries in Europe and the MENA region. With its subsidiary KPV Solar, PV-Invest is also active in the so-called EPC business (Engineering, Procurement and Construction) and builds turnkey photovoltaic power plants for well-known energy companies, but also for its own group of companies. In the rfu sustainability rating, PV-Invest received the status “qualified” with an above-average rating (rating result: ab).