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Schoenherr Advises Elixir Group on RSD 4.1 Billion Green Bond Issuance

Serbia
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Moravcevic Vojnovic and Partners in Cooperation with Schoenherr has advised Elixir Group on its recent green bond issuance totaling RSD 4.1 billion (approximately EUR 35 million). 

Elixir Group is a chemicals and mineral fertilizers producer. According to Schoenherr, the transaction saw the issuance of 341,700 green bonds, each with a nominal value of RSD 12,000, bearing an annual interest rate of 6% and maturing in five years. The bonds are set to be listed on the Open Market of the Belgrade Stock Exchange. Proceeds from the bond issuance will be used to finance the construction of a new plant in Prahovo, Serbia, for the production of crystalline technical mono ammonium phosphate.

Additionally, Schoenherr reports that Scope Ratings has assigned a first-time issuer rating of BB/Stable to Elixir Group and a preliminary bond rating of (P) BB+ to the RSD 4.1 billion unsecured bond.

The Schoenherr team included Partners Luka Lopicic and Igor Zivkovski, Attorneys at Law Milica Zecevic, Marija Grujeska, and Pavle Eric, and Associates Milos Jokic, Isidora Grujicic, and Nadja Gogic.

Serbia Knowledge Partner

SOG in cooperation with Kinstellar is a full-service business law firm in Serbia that provides foreign and domestic clients with premium-quality legal advice and assistance across a wide range of key areas of corporate law. The firm was founded in 2015 by a group of seasoned, internationally-trained lawyers. SOG has developed a distinctively dynamic culture, bringing together top talent, fostering entrepreneurship, and maintaining exceptional relationships with its clients.

SOG has achieved consistent growth in the volume of its business, accompanied by an exponential increase in the number of hired associate lawyers and the firm’s network of business contacts. SOG has a robust client base of multinationals, investment and private equity firms, and financial institutions. Clients praise SOG for being commercially minded, very responsive and knowledgeable.

Establishing permanent cooperation with Kinstellar is part of realising SOG's long-term development strategy to be the leading provider of legal services in the Western Balkans market.

Firm's website: https://www.kinstellar.com/

 

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