Croatian holding company Bosqar, formerly operating under the name Meritus Ulaganja, has announced a major financial move involving the issuance of up to 150 million euros ($170 million) in sustainability-linked bonds, strengthening its commitment to responsible growth and environmental stewardship.

In a regulatory filing to the Zagreb Stock Exchange (ZSE) on Wednesday, April 30, 2025, Bosqar detailed plans to issue up to 110 million euros in publicly listed bonds. These bonds will carry a seven-year maturity and will be made available through the Zagreb bourse. The public issue aims to attract institutional and retail investors who prioritize ESG (Environmental, Social, and Governance) standards and long-term value creation.

In addition to the public offering, Bosqar intends to privately place up to 40 million euros worth of bonds with a prominent international financial institution. While these bonds will follow similar financial and maturity terms, they will not be listed on the exchange. The private placement widens the company’s capital access beyond local markets and indicates confidence from global investors in Bosqar’s sustainability agenda.

Read More: What are ESG Bonds? All You Need to Know

This action plan, which has two primary focus areas, demonstrates Bosqar’s aim to diversify its funding sources and consolidate its capital structure, all while positioning itself as a pioneer in sustainable finance within Croatia and the broader Central European region. The company is putting its best foot forward to ensure that its growth ambitions are in line with sustainability targets, making this bond issuance a crucial part of its evolving corporate identity.

Bosqar's stock closed at 226 euros on Tuesday, April 29, 2025, reflecting a 1.74% decline ahead of the public holiday on May 1, when the Zagreb Stock Exchange was closed in observance of International Workers’ Day.

The decision to raise funds through sustainability-linked instruments comes as more European corporations turn to ESG-compliant financing to meet investor demand for transparency, accountability, and environmental responsibility. With this initiative, Bosqar is strengthening its environmental commitments while appealing to a new generation of socially conscious investors.

Also Read: Green Bonds: Types, How To Buy, and FAQs

As Bosqar transitions from its former identity as Meritus Ulaganja, this bond issuance marks a significant step in shaping its future as a progressive, sustainability-driven investment company.

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Source: SeeNews