📋 Tender Overview
Project ID: 56034
Status: Signed
Location: Croatia
Business Sector: Food and Agribusiness
Notice Type: Private
Environmental Category: B
Approval Date: 30 Apr 2025
Disclosure date: 27 Jun 2025
Project Description
Participation in a private placement as part of €143.2 million dual-tranche sustainability-linked bond (SLB) issuance by BOSQAR d.d. ("Company"; ZSE: BSQR), the holding company of the BOSQAR INVEST group ("Group"), headquartered in Croatia. EBRD proceeds will be used for acquisition financing in Croatia, whilst the proceeds of the public issuance will be used for general corporate purposes including further expansion through acquisitions.
Project Objectives
The Project supports further local capital market development as well as sustainability ambition and further growth and competitiveness of the BOSQAR INVEST group.
Transition Impact
ETI score:61
ject's transition impact derives from the following qualities:
Primary - Green quality: the Group has committed to an environmental Key Performance Indicator (KPI) and Sustainability Performance Target (SPT) structured solely around climate action and confirmed as aligned with International Capital Market Association (ICMA) Sustainability-Linked Bond Principles (SLBPs) via a Second Party Opinion (SPO) from Sustainalytics.
The strong KPI will be referring to CO2 emissions reduction which will be tracked, monitored and reported within the EBRD's Countries of Operations.
Secondary - Competitive quality: Operational changes associated with the company's planned acquisitions and investments, leading to competitiveness improvements.
Client Information
BOSQAR DD
The Company is a publicly listed holding company (Zagreb Stock Exchange), which consolidates companies operating in 21 countries. The Group operates in four highly diversified sector verticals, each of which consolidates companies from the following segments: i) business process and technology outsourcing (BPTO), ii) HR/ tech employment, iii) food and agriculture; and iv) other industries.
