SPAN LAUNCHES BONDS FOR INVESTORS: EUR 25 MILLION FOR SUSTAINABLE DEVELOPMENT

The IT company Span is issuing its first sustainability-linked bond (Sustainability-Linked Bond, SLB) in a total value of up to 25 million euros with a maturity of five years. The bonds are intended for both small investors (minimum subscription 20,000 euros) and qualified investors (no minimum threshold).

Key release details:
Registration period: July 11, 2025 from 9 a.m. to 2 p.m.,
Publication of the final price and allocation: no later than July 14, 2025,
Release date: July 16, 2025,
Listing on the Zagreb Stock Exchange: no later than July 18, 2025,
Fixed annual interest rate with semi-annual interest payments; the expected return is between 3.7% and 4.0%, and the exact rate will be announced after the end of registration,
Denomination: 1 euro.

Sustainability and obligations:

The bond is tied to the achievement of two goals by September 30, 2029:
Education: at least 500 users of interactive cyber security education for small and medium enterprises.
Reduction of emissions: reduction of greenhouse gas emissions (Scope 1 and 2) by 22.5% to 312.82 tons of CO₂ equivalent.

If the targets are not met, Span will pay penalties in the amount of 0.175% of the total nominal amount of the issued bonds.

The purpose of the collected funds is the further expansion and growth of the business, including the establishment and investment in new members in the markets of Southern, Central and Eastern Europe and Central Asia (Greece, Cyprus, Malta, Poland, the Czech Republic, Slovakia, Romania, Kazakhstan) and the financing of capital investments, working capital, potential acquisitions and other corporate needs.

With this issue, Span joins the trend of sustainable bonds on the Croatian market, and HANFA has approved a simplified prospectus for public offering.