Garden Brewery is the tenth issuer of minibonds

Zagreb, 18 June 2025. - Privredna banka Zagreb (PBZ), part of Intesa Sanpaolo’s International Banks Division (IBD), acted as the sole issue agent and investor for The Garden Brewery's corporate bond. This issue is a part of the Minibond initiative supported by the IBD Department for Corporate, SME, Small Business and it enabled the company The Garden Brewery to raise funds using a bond issue as a capital markets financial instrument for the purpose of further growth, development and financial stability.

The Garden Brewery's minibonds were issued in a nominal amount of 3 million euros, maturing in 2032. This makes The Garden Brewery the tenth issuer participating in the expansion of the domestic minibond market and the first minibond issuer to have its shares listed on the Zagreb Stock Exchange.

With this issue, The Garden Brewery provides prerequisites for continued investments in export business, reduces its carbon footprint by soon commissioning a solar power plant with a total capacity of 161.98 kWp, and opens up the possibility of realizing potential acquisitions.

The subscription agreement was signed by Tomislav Alpeza, President of the Management Board of The Garden Brewery d.d. and Vedrana Jelušić Kašić, Member of the Management Board of PBZ responsible for the Corporate and SME Division and Investment Banking.

Tomislav Alpeza, President of the Management Board of The Garden Brewery d.d. said: “We are grateful for the trust that the investment community has shown us with this successful bond issue. We continue to realize our vision: to create premium products, provide our customers with the experience of combining quality music and craft beer, and we continue to believe that without responsibility towards the local community, our own employees and nature, there is no success on the market. This bond issue will help us to further position the brewery in Western European markets, grow in the segment of organization and production of music festivals, and continue to analyse potential acquisitions of brands with which we share values ​​and realize synergy potential”. 

Vedrana Jelušić Kašić, Member of the Management Board of PBZ, highlighted:  “The issue of minibonds by The Garden Brewery confirms the increasing willingness of domestic companies to use the advantages of the capital market's financial instrument to finance their growth and development. We believe in The Garden Brewery's strategy, which is focused on the innovation of the product portfolio, the realization of synergies and the continuous expansion of distribution channels.

We particularly emphasize the importance of the fact that this is the tenth issuer as part of our Minibond initiative that we launched a year ago, which shows how minibonds are recognized and are becoming an increasingly important financing instrument among small and medium-sized enterprises in Croatia”.