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Kinstellar supports Banca Intesa in its mini-bonds transaction with Diopta
Kinstellar is pleased to have supported Banca Intesa with the first issuance of collateral-free mini bonds in Serbia - a significant milestone in the development of the local capital market. This innovative transaction, worth RSD 470 million, was arranged for Diopta, a leading optical retailer in the Western Balkans. It marks a significant advancement in the expansion of financing opportunities for SMEs. Throughout this pioneering issuance, we advised Banca Intesa, ensuring a secure and efficient legal framework aligned with the highest market standards. The deal forms part of the Minibond initiative by the Intesa Sanpaolo Group, which aims to promote sustainable economic growth and develop capital markets across
Kinstellar supports Banca Intesa with the launch of mini bonds in Serbia
We are delighted to report that Kinstellar’s Belgrade office provided legal support in preparing the complete set of documentation for Banca Intesa AD Beograd, as part of the bank’s introduction of mini bonds, a new financing tool designed to support Serbian small and medium-sized enterprises (SMEs) via capital markets. This innovative initiative enables SMEs to access alternative financing, diversify their capital sources and secure funding for expansion, innovation and growth, without depending solely on traditional bank loans. Following its success in Italy and Croatia, Banca Intesa is now extending the mini bond initiative to Serbia, offering new financing opportunities for local businesses. The Kinstellar