News: Agreement on bonds of Zagreb Holding listing signed

07/13/2023 09:12
Zagreb, July 12, 2023 – On the Zagreb Stock Exchange premises, an agreement was signed on the listing of the bonds of Zagrebački holding d.o.o. on the Official Market of the Zagreb Stock Exchange.

The contract was signed by Ivana Gažić, President of the Management Board of the Zagreb Stock Exchange, and Ivan Novaković, President of the Management Board of Zagreb Holding, in the presence of Zagreb Mayor Tomislav Tomašević. The signing was also attended by representatives of the issuing agents Erste&Steiermärkische Bank d.d., Privredna banka Zagreb d.d. and Zagrebačka banka d.d. 

The nominal value of the bonds is EUR 305 million, they are related to the company's sustainable operations, with a maturity of five years, and both small and qualified investors could participate in the subscription. Bonds are issued with a fixed annual interest rate of 4.90%.

In case of non-fulfillment of the obligations of the Zagreb Holding related to the fulfillment of the set performance goals in terms of sustainability, the Holding will pay the bondholders a one-time additional fee (penalty) in the amount of 0.25% of the total nominal amount of the issued bonds for each specific goal. 

Photo: Ivan Lacković

The Holding has determined an increase in the share of separately collected municipal waste and an increase in the share of renewable electricity in the total consumption of electricity as performance goals in terms of sustainability.

On this occasion, the President of the Board of the Stock Exchange, Ivana Gažić, said: We are extremely pleased with this issue, linked to the goals of sustainable development, which is an aspect that investors are paying more and more attention to. Climate and environmental challenges are increasing and sustainable financing is almost no longer a choice but an imperative. This listing will certainly contribute to the variety of investment options on our capital market.

The first day of trading of these bonds on the Zagreb Stock Exchange is July 14, 2023.