EBRD Commits €38.2 Million to Bosqar Invest’s €143.2 Million Sustainability-Linked Bond, Croatia’s Largest Private SLB

EBRD Commits €38.2 Million to Bosqar Invest’s €143.2 Million Sustainability-Linked Bond, Croatia’s Largest Private SLB

(IN BRIEF) The EBRD has invested €38.2 million via private placement into Bosqar Invest’s record-breaking €143.2 million dual-tranche SLB—the largest private-sector sustainability-linked bond in Croatian history. The issuance consists of a €105.0 million public tranche to be listed on the Zagreb Stock Exchange and an unlisted €38.2 million EBRD tranche. Bosqar Invest has committed to climate-focused KPIs and an SPT, with Sustainalytics confirming alignment to ICMA’s SLB Principles. Funds will support strategic M&A and general corporate needs across Bosqar Invest’s operations in 21 countries, covering food, outsourcing, and technology. This deal builds on over €100 million previously mobilized with EBRD, which has invested €4.8 billion in Croatia to drive reforms, EU integration, and public-sector transformation.

(PRESS RELEASE) LONDON, 24-Jun-2025 — /EuropaWire/ — EBRD participates in €143.2 million dual-tranche sustainability-linked bond (SLB) issuance by Bosqar Invest, marking the largest corporate SLB ever issued in Croatia by a private, non-banking company. Through a private placement, the European Bank for Reconstruction and Development (EBRD) has committed €38.2 million to this landmark financing, complementing the €105.0 million public tranche slated for listing on the Zagreb Stock Exchange.

Under the SLB framework, Bosqar Invest has pledged to meet rigorous environmental KPIs and a sustainability performance target (SPT) focused exclusively on climate-action objectives. Sustainalytics has provided a second-party opinion confirming the bond’s alignment with the International Capital Market Association’s Sustainability-Linked Bond Principles. The combined proceeds from both tranches will underpin Bosqar Invest’s strategic merger-and-acquisition activity and general corporate purposes across its diversified group.

Bosqar Invest—listed on the Zagreb Stock Exchange and active in 21 countries—operates in sectors ranging from food production to business-process outsourcing, technology services, and human resources. This investment deepens the longstanding partnership between EBRD and Bosqar Invest, which has mobilized over €100 million in equity and bond financing to date.

Since entering the Croatian market, the EBRD has deployed more than €4.8 billion across 254 projects, aiming to accelerate economic reforms, leverage EU accession benefits, and transform public enterprises through restructuring and commercialization.

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Email: media@ebrd.com

SOURCE: EBRD