Croatia's Yellow Submarine issues 3 mln euro minibonds

The minibonds, issued on June 20, 2024, will mature in 2031, PBZ said in a press release.

"Minibonds provide SMEs with an alternative funding source to traditional bank loans, typically issued by SMEs and traded in specialized segments of the financial market," PBZ said.

Yellow Submarine, a gourmet burger chain with 20 outlets in Croatia, reported revenues of over 15 million euro in 2023.

PBZ is part of the Intesa Sanpaolo Group.

($ = 0.936 euro)