SOLEK HOLDING SE, which operates in the field of renewable energy sources with a focus on solar energy, today announced the issuance of one-year, two-year, and three-year bonds with annual yields of 4.5%, 5.2%, and 6%, respectively. The initial issue counts on a volume of 150 million crowns, the issued bonds have a nominal value of 50 thousand crowns with a minimum investment of 100 thousand crowns and the payment of the yield once a year. The total volume of the bond program according to the prospectus approved by the Czech National Bank can reach up to 5 billion crowns. The administrator of issues is CYRRUS, legal advice was provided by the law firm Havel & Partners.
Despite the global pandemic, capital markets are showing strong investor interest in opportunities associated with the construction and operation of solar power plants. “We have decided to listen to the demand and come up with an attractive bond program, which represents an opportunity for investors to safely diversify their investment portfolio, resistant to market volatility and geopolitical events. The investment is extremely stable and with an attractive return also with regard to the long-term high potential of growing global demand for green energy, “ said Zdeněk Sobotka, founder and majority owner of SOLEK HOLDING SE.
The proceeds from the bond program will be used to invest in the construction of other solar parks, traditionally in Chile or recently in Cyprus. According to Sobotka, the new source of financing is thus in line with the change in the strategy of the SOLEK Group, which will now also own and operate photovoltaic parks.
The SOLEK Group is not going for capital markets for the first time, in the past, it has placed a public issue with a yield of 6.2% and also several private issues for a total of several hundred million crowns. In addition to the fund of qualified investors and bank financing, bond financing represents an increasingly important source of investment capital, with which the Czech businessman Zdeněk Sobotka finances his business.
