Photo: Pvproductions on Freepik
UniCredit Bank acted as arranger and investor for the first green mini bond issuance on the domestic market in Serbia. The bank continues its successful trend of issuing mini bonds, this time for a domestic holding company focused on solar energy and solar panels installation, Sun, Energy & More, which includes reputable company MT Komex, owned by industry expert Miloš Kostić.
The amount of financing for the company Sun, Energy & More is RSD 1 billion and the funds will be used primarily for pipeline execution of existing and new solar projects and improvement of technologies related to that field. The green mini bonds were issued according to the ICMA principles, i.e. guidelines for sustainable finance. These principles promote transparency, integrity and reporting in these situations.
UniCredit Bank, as part of one of the leading financial groups in Europe, actively contributes to the development of the capital market in Serbia by supporting companies that want to use market mechanisms to finance their growth and improve their business. At a group level, UniCredit aims to provide more sophisticated support to SMEs, boosting the real economy along the way.
Mini bonds represent an alternative way of financing that allows companies to access capital under more favourable conditions, while offering investors the opportunity to invest in the real economy and development of local businesses. UniCredit Bank once again confirms that it is actively working on the development of the domestic capital market, by encouraging new instruments and financing models that contribute to the growth of the Serbian economy.
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