20 March 2019

Advanced SolTech Sweden AB (publ) has accepted approval for notification of bonds on Nasdaq First North Sustainable Bond Market and publication of company description

Advanced SolTech Sweden AB (publ) (“ASAB”) on January 25, 2019 issued green senior covered bonds with a frame amount of SEK 1,500 million. The bonds run until January 25, 2023 with a variable interest rate.

ASAB, which is a subsidiary of SolTech Energy Sweden AB (publ), has, in accordance with the terms of the bond, applied for and now received approval for listing of the bonds on Nasdaq First North Sustainable Bond Market. First day of trading will be March 21, 2019. As a result of the listing, ASAB has prepared a company description which, together with full terms of the bond, is available on ASAB’s website: www.advancedsoltech.com

JOOL Markets acted as organizer and DLA Piper Sweden acted as legal advisor in connection with the bond issue and the listing on Nasdaq First North Sustainable Bond Market.

Trading Information

First trading day: March 21, 2019.

ISIN codes:
SEK bond: SE0012012680

EUR bond: SE0012012698

For more information, please contact:
Frederic Telander, CEO of Advanced SolTech Sweden AB (publ) Tel: +46 8 441 88 46. E-mail: frederic.telander@soltechenergy.com or Stefan Ölander, CEO SolTech Energy Sweden AB (publ) Tel: +46 70 739 80 00.E-mail: stefan.olander@soltechenergy.com


Advanced SolTech Sweden AB (publ) – ASAB
In order to continuously finance the investments in China, the SolTech Group’s parent company and its partners in China, Advanced Solar Power Hangzhou Inc., have formed ASAB. ASAB’s business is to finance solar energy plants in China which are owned and maintained by ASRE or its wholly owned subsidiaries through lending to Group companies. As collateral for borrowed funds, collateral is obtained in underlying assets (solar power plants and accounts receivable). The Company’s Certified Adviser at First North Bond Market is Mangold Fondkommission AB, phone number +46 8 5030 1550. Email: ca@mangold.se. More info at www.advancedsoltech.com

About SolTech Energy Sweden AB (publ)
SolTech Energy develops and sells aesthetic and building-integrated solar energy products for all types of real estate – commercial, public and residential. The products are part of a building’s outer shell in the form of a roof or a wall with integrated solar cells for the production of electricity. The Group also conducts operations in China where the business model consists of financing, owning and operating solar power plants on customers’ roofs and selling all the electricity that is produced. The Group also includes the subsidiaries Nyedal Solar Energy, the NP Group and Swede Energy, as well as the jointly owned companies ASAB in Sweden and ASRE in China. SolTech Energy Sweden AB (publ) is traded on First North at Nasdaq Stockholm under the short name SOLT and has about 15,000 shareholders. The company’s Certified Adviser Erik Penser Bank Telephone: +46 8 463 83 00. Email: certifiedadviser@penser.se. More info at: www.soltechenergy.com

About the Chinese initiative
SolTech Energy’s investment in China is conducted in partnership with our partner, Advanced Solar Power Hangzhou Inc joint venture, Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd. (ASRE). The business model consists of ASRE financing, installing, owning and running solar energy installations on customers’ roofs. The customer does not pay for the facility, but instead undertakes to buy all electricity produced by each plant under a 20-25 year contract. ASRE’s current income comes from the sale of electricity to the customers and from various forms of grants per kWh produced. The focus now is on building an order backlog for 2019 and onwards with the goal of having an installed capacity of 605 megawatts (MW) in 2022.