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Miskovic & Miskovic and MPRR Advise on EUR 305 Million Bond Issuance by Zagrebacki Holding

Miskovic & Miskovic and MPRR Advise on EUR 305 Million Bond Issuance by Zagrebacki Holding

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Miskovic & Miskovic has advised joint agents Erste & Steiermaerkische Bank, Privredna Banka Zagreb, and Zagrebacka Banka on the Zagrebacki Holding’s EUR 305 million sustainability-linked bond issuance. Mamic, Peric, Reberski, Rimac advised Zagrebacki Holding.

According to Miskovic & Miskovic, this bond issue guaranteed by the City of Zagreb is the first sustainability-linked bonds issue of a utility company in Croatia and "represents the largest tranche of a corporate bond issue ever done on the capital market in the Republic of Croatia." The EBRD and IFC were also involved as institutional investors. The bonds were issued in the nominal amount of EUR 305 million with a maturity of five years, with a fixed annual interest rate of 4.90%, and are listed on the Official Market at the Zagreb Stock Exchange.

The Miskovic & Miskovic team included Partner Pavo Miskovic and Lawyers Maja Seat and Hana Fiala.

The MPRR team included Partner Luka Rimac, Junior Partner Frano Belohradsky, and Attorney at Law Lucija Roncevic.

Editor's Note: After this article was published, Lovric Novokmet & Partners announced it had advised anchor investor IFC on its EUR 72.5 million subscription. The LNP team included Partners Pavo Novokmet and Martina Kalamiza, Senior Associate Petar Alilovic, and Associate Lucija Zelenkovic.

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