Serbia: Schoenherr advises UniCredit Bank on first mini-bond issuance in Serbia

The mini-bond was issued by a long-standing corporate client of UniCredit, with a five-year maturity. This innovative instrument introduces an alternative to traditional bank loans and is designed to better serve the financing needs of small and medium-sized enterprises (SMEs), which are traditionally reliant on bank lending.

This issuance has been warmly welcomed by the Serbian Ministry of Finance as a step toward deepening the domestic capital market and broadening access to finance for the real economy. It sets a regulatory and commercial precedent for future mini-bond issuances.

The Schoenherr team was led by Nikola Babić (partner) and Petar Vučinić (attorney at law), who provided comprehensive legal support throughout the structuring and execution of the transaction.