EPH Group AG
EPH Group AG:
Bond 2026-2033
10 % interest p.a.Monthly interest payment
Subscription period: 28.10. to 25.11.2026
ISIN: AT0000A3XVE4
WKN: A4E2PD
EPH Group AG:
2026 Capital Increase
Subscription period:
May 21 to November 30, 2026
ISIN: AT0000A34DM3
WKN: A3EGG4
EPH Group AG is currently building a diversified portfolio of high-yield hotels and resorts in the premium and luxury segment in Austria, Germany and other top European destinations.
New bond EPH Group AG
Following the successful bond issues of 2023 and 2025, EPH Group AG is issuing a further corporate bond in autumn 2026. The structure of the new bond is largely based on the successful bond 2025/2032:
Issue volume: up to EUR 50 million
Interest rate: 10 % p.a.
Denomination: EUR 1,000
Interest payment: monthly
Term: 7 years
Collateral: pledging of shares in subsidiaries and participation companies of the Issuer
Stock exchange listing: Vienna MTF of the Vienna Stock Exchange, among others
ISIN: AT0000A3XVE4
WKN: A4E2PD
The subscription period for the public offering in Germany, Austria and Luxembourg runs from 28.10. to 25.11.2026. The planned value date of the notes 2026/2033 is 01.12.2026.
The company also plans to make an exchange offer to the holders of the notes 2025/2032 as well as to the holders of the notes 2023/2030 (ISIN: DE000A3LJCB4) (in each case at a ratio of 1:1). Further details of the exchange offer are still to be determined and are expected to be announced after the end of the accrued-interest-free subscription period as part of a separate exchange offer.
Market environment
The vacation hotel industry is characterized by decades of sustainable growth and crisis resilience. The asset class has proven its resilience, particularly during the coronavirus pandemic. Economic development in tourism is growing strongly worldwide. There is a particular trend towards nearby nature and year-round destinations. The season is lengthening and shifting. Climate protection and sustainability are playing an increasingly important role.
The performance of the vacation hotel industry has overtaken the hotel business in the city in recent years. Compared to city hotels, significantly higher revenue per room and guest has been achieved. New record occupancy rates were achieved. Daily room rates (ADR) increased significantly. The premium and luxury segment is developing at an above-average rate, as demand for luxury vacations has risen enormously among a constantly growing middle class worldwide.
Nevertheless, the vacation hotel market is far from exhausted and offers enormous growth potential. The focus of institutional investors is also increasingly shifting from city business hotels to the vacation hotel industry and vacation destinations in Europe.
Strategy
Due to this positive development, EPH Group AG is clearly focusing on the holiday hotel sector and cities with high tourist appeal. The aim is to achieve above-average returns from its own developments.
Thanks to EPH Group AG's access to numerous international hotel brands, the best possible operator with a tailor-made operating concept can be selected for each project. The type of contract (lease, management, or hybrid contract) is determined individually for each property after a thorough opportunity-risk analysis.
In the medium term, the portfolio is to be expanded to include investments in related areas such as gastronomy, culinary arts, food & beverage, and other tourism projects. The aim is to leverage synergies with the core business and continuously increase the value of the company. In the current environment, a sustainable and responsible corporate culture is particularly important to us. That is why our ESG principles guide our business activities.
Focus on capital market
To finance its projects, EPH Group AG has for several years consistently pursued a capital market-oriented financing strategy. Two corporate bonds were issued in July 2023 and February 2025. The first cash capital increase followed in summer 2025. Since the IPO on November 19, 2025, EPH Group AG shares have also been listed. In autumn 2026, a further cash capital increase and the issue of a new corporate bond are being carried out in parallel in order to further strengthen the equity and debt capital base of EPH Group AG. EPH Group AG is thus offering institutional investors and private investors the opportunity to participate in the development of this continuously growing market segment – both through equity in the form of shares and through debt in the form of bonds.
EPH Group AG's capital market-oriented financing strategy is intended to contribute to a balanced financing structure and enable the financing of planned projects on economic terms, even in the current market environment.
Background
EPH Group AG consists of a group of investors, project developers, hotel real estate, financing, and capital market experts. Thanks to the EPH team's many years of experience, it has excellent market access and a full acquisition pipeline.
EPH Group AG works with leading hotel and tourism consulting partners in Austria and Germany in the areas of feasibility studies, due diligence, valuation, contract management, M&A, portfolio strategy, development, and construction. This allows the company to draw on comprehensive expertise and develop the best possible strategy for each project.