Banca Intesa completed the fifth issue of unsecured minibonds in Serbia

Banca Intesa, a member of the Intesa Sanpaolo Group, acted as arranger and sole underwriter of the fifth issue of unsecured minibonds on the Serbian market, aimed at financing the expansion of the sales network of CLIPS DK LLC, part of the SF1 Group.

The transaction, valued at RSD 585 million, was approved following an analysis of the company’s financial indicators and business model. The minibonds were issued with seven-year maturity a twelve-month grace period, and no collateral requirements. Through this issue, which will be fully subscribed by Banca Intesa, CLIPS DK LLC will enhance the availability of premium quality products and services to a broader customer base across the country.

"The continuity in the realization of minibond issues confirms Banca Intesa's strategic commitment to bringing innovative financing models closer to domestic small and medium-sized enterprises, enabling them to access the funds necessary for growth, investments and long-term strengthening of competitiveness in a simpler and more efficient manner. In addition to responding to their growing needs for diversification of financing sources, we are also contributing to the development of a more modern and dynamic capital market, as well as building a more stable and resilient economy in Serbia," said Darko Popović, President of the Executive Board of Banca Intesa.

Minibonds represent an alternative financing instrument that allows small and medium-sized enterprises to diversify their sources of capital and secure long-term funds for business development, including the improvement of production and sales, internationalization of operations, as well as acquisitions. Banca Intesa introduced minibonds to the Serbian market in 2025, as part of the Minibonds initiative of Intesa Sanpaolo’s International Banks Division.