Serbia’s Ministry of Finance highlighted the introduction of “mini bonds” as a new debt instrument for the domestic market, following UniCredit Bank’s announcement of the first such issuance aimed primarily at financing small and medium-sized enterprises. The first corporate issuer was Planet Bajk, in an indexed amount of RSD 230 million with a five-year maturity. The ministry framed the launch as part of ongoing capital-market development, pointing to the April issuance and Belgrade Stock Exchange listing of the first green corporate bond for EUR 35 million. It also emphasised mini bonds as an additional funding channel for SMEs beyond bank loans, with structures that can be tailored to a company’s maturity, interest rate and repayment profile. The ministry indicated it will continue supporting similar initiatives, including the potential for these debt instruments to be offered on the Belgrade Stock Exchange to the general investing public.
Ministry of Finance (Serbia) 2025-06-25
Serbia's Ministry of Finance endorses UniCredit Bank’s first mini-bond issuance to widen SME financing
Serbia’s Ministry of Finance introduced "mini bonds" as a new debt instrument to support small and medium-sized enterprises, with UniCredit Bank issuing the first such bond. The initiative is part of broader capital-market development efforts, including the recent issuance of a green corporate bond. The ministry plans to support further initiatives, potentially offering these instruments on the Belgrade Stock Exchange.