Investment in fleet renewal, business modernisation, and the further development of one of the leading charter companies on the Adriatic.
Investment in fleet renewal, business modernisation, and the further development of one of the leading charter companies on the Adriatic.
Croatia is today one of the most developed charter destinations in the world, with long-term stable and seasonally strong demand.
Sailing Europe Charter has been building its business on the charter market since 2006. With 20 years of experience, a unique operational position in Marina Rogač on the island of Šolta, Sailing Europe Charter is entering a new phase of growth through fleet expansion.
The bond issuer is More i Brodovi d.o.o., which through the brand Sailing Europe Charter enables investment in the expansion of the charter fleet – an asset that generates income and has long-term market value.
By investing 5,000 EUR or more you combine financial investment with the enjoyment of sailing on the Adriatic, as this entitles you to two special benefits for chartering any vessel from the Sailing Europe Charter fleet.
75% discount on regular charter rates in the period from 3 October 2026 to 1 June 2027.
40% discount on regular charter rates for the entire duration of the bond, i.e. all three years.
Discounts are calculated on initial (regular) charter rates according to the current official price list and cannot be combined with other promotions, promotional offers, or special benefits.
If the investor does not have an SKDD account, one is opened automatically based on the form data.
| TARGET ISSUE AMOUNT: | 2.000.000,00 EUR |
| BOND TERM: | 3 years |
| REDEMPTION: | Principal repaid in full at maturity, with option of early redemption (call) |
| COUPON INTEREST RATE: | 7% p.a., fixed |
| COUPON INTEREST PAYMENT: | Semi-annual |
| MINIMUM SUBSCRIPTION: | 1,000.00 EUR (in multiples of 1,000 EUR) |
| VALUE PER BOND: | 1,000.00 EUR |
Interested investors must complete the subscription form.
More i Brodovi d.o.o. operates under the Sailing Europe Charter brand and has provided vessel charter services on the Adriatic for over 20 years.
The fleet consists of selected vessels from renowned manufacturers such as Beneteau, Jeanneau and Lagoon, with high maintenance standards and operational reliability.
Thanks to continuous investment in maintenance, the vessels are recognised for their high level of preservation, contributing to guest satisfaction and stable occupancy throughout the season, as well as high resale prices when vessels exit the fleet.
Our market advantage is an exclusive private base in Rogač on the island of Šolta, where we are the only charter operator in the marina. The location provides quick access to the most popular sailing routes on the Adriatic, proximity to Split Airport, and a crowd-free sailing experience in an authentic Dalmatian setting.
Proceeds from the issue are directed to the next phase of Sailing Europe Charter’s growth:
Sailing Europe Charter operates in a stable and mature charter industry with a clearly defined market position.
This investment is based on a combination of: existing assets, operational stability, and planned fleet growth.
This is not an investment in an idea.
This is an investment in real assets and an existing business model.
Detailed projections are available in the investor documentation.
We have been operating for over 20 years under the Sailing Europe Charter brand, which offers a quality fleet consisting of Beneteau and Jeanneau sailing yachts and Lagoon catamarans. Our sailing yachts are modern, elegant, comfortable, and equipped with everything you need for sailing. The catamarans are spacious, stable, and safe, offering a beautiful panoramic view from a large sunbathing area. All vessels in our fleet are regularly maintained and serviced and are in perfect condition.
More i brodovi d.o.o. operates in the nautical tourism sector and specialises in the charter of sailing yachts and catamarans on the Adriatic. The business model is based on pre-booked reservations and high fleet utilisation during the season, contributing to business predictability.
We manage and maintain the fleet with regular investments in servicing and modernisation, ensuring safety, reliability, and asset preservation. We are recognised for a high standard of fleet maintenance, whereby vessels retain high market value and achieve very good sales results upon exiting the charter fleet.
An important competitive advantage is the private charter base in Rogač on the island of Šolta, which enables efficient operational access and a higher-quality experience for clients. The company employs 6 staff members and additionally collaborates with 2 long-term external associates, most of whom have been part of our team for over 10 years, ensuring a high level of expertise, business stability, and continuity in service quality.
The interest rate on More i brodovi d.o.o. bonds is determined by the issuer’s risk profile, the term of the issue, and market conditions.
More i brodovi d.o.o. has been engaged in nautical tourism for over 20 years and has a clear market niche, loyal customers, and brand recognition.
More i brodovi d.o.o. considers the offered yield attractive to investors given the Company’s successful business operations and the revenues it generates through its business and the development programme it will implement.
The minimum investment amount is EUR 1,000, making More i brodovi d.o.o. corporate bonds accessible to a wide range of investors. There is no limit on how much an individual investor may invest.
Investing in securities carries risks. Investors who decide to invest their funds in More i brodovi d.o.o. bonds should be familiar with the risks associated with securities.
Key risks include: seasonality risk, weather and cancellation risk, risk of damage to or loss of assets, operational risk, and credit risk. Each investor should independently study the risks before investing.
More i brodovi d.o.o. already has multiple financing channels today, including leasing models, private investors, and the generation of positive operating cash flow from the charter of existing vessels.
The Company has defined a target minimum investment amount and has already secured financing for that threshold, further confirming the security and success of this issue.
Yes. More i brodovi d.o.o. commits to regular and transparent reporting to investors via annual business reports, which will present key operational and financial indicators relevant to bondholders.
Yes. The Company may, with prior notice and under clearly defined conditions in the issue documentation, carry out early redemption of the bonds. In such case, investors retain the right to repayment of principal and accrued interest up to the date of early principal repayment. Early principal repayment may be full or partial. In the event of a decision on early principal repayment, More i brodovi d.o.o. will notify investors.
More i brodovi d.o.o. issues standard bonds without conversion features.
The bond issue is intended to finance the acquisition of 6 additional vessels, thereby increasing fleet capacity, operational efficiency, and the Company’s long-term competitiveness in the market.
Key risks faced by Sailing Europe Charter
Investing in securities entails certain risks. Investors who decide to invest funds in Sailing Europe Charter bonds should be aware of the risks associated with the Company’s business and the market in which it operates.
As with any investment, Sailing Europe Charter is particularly exposed to the following risks:
Regulatory risk
The charter and nautical industry are subject to changes in legal and regulatory frameworks relating to maritime safety, tourism activities, tax regulations, concessions, and environmental protection. Regulatory changes may affect operating costs, administrative requirements, and the dynamics of the Company’s business.
Market risk
Demand for charter services depends on tourism trends, economic developments, client purchasing power, and geopolitical stability in source markets. Increased competition in the charter sector and changes in guest preferences may affect fleet occupancy and revenue levels.
Operational risk
The Company’s operations depend on the availability and technical condition of vessels, business seasonality, weather conditions, and the quality of logistics and maintenance. Unplanned breakdowns, maritime accidents, service delays, or adverse sailing conditions may temporarily affect fleet availability and service quality.
Risk of asset damage or destruction
In the event of serious maritime accidents, there is a risk of partial or total damage to vessels. The Company mitigates this risk as all vessels are hull-insured, covering a significant portion of potential damage through insurance policies. Additionally, the Company holds tangible assets in the form of a vessel fleet, which represents a substantial asset base and provides an additional level of security and flexibility in managing obligations to investors.
A detailed risk analysis is available on the Investor Relations (issuer risks and issue risks).
Have questions about the bond issue? We will be happy to answer.
Email: sec@obveznice.net · Tel: +385 91 4882 218
MORE I BRODOVI d.o.o.
Sailing Europe Charter
Prilaz Gjure Deželića 80, 10000 Zagreb, Croatia
OIB (Croatian tax number): 23293346521
Email: sec@obveznice.net
Tel: +385 91 4882 218
Disclaimer
Investing in securities involves risks. Please review the Key Information Document (PRIIP) and risk factors before making an investment decision.
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