Current issue · Bonds · Croatia
The bond as your way into Koykan co-ownership
By investing in the bond, you lend funds at a fixed rate of interest and for a term known in advance, with a co-ownership option.
7.5%
Fixed annual interest
from EUR 1,000
Minimum subscription
Maturity 16 July 2029 · Coupon paid half-yearly · Registered with the Central Depository & Clearing Company (SKDD)
Current issue · Bonds · Croatia
The bond is your simplest way into Koykan co-ownership.
By investing in the bond, you lend funds at a fixed rate of interest and for a term known in advance, with a co-ownership option.
7.5%
Fixed annual interest
from EUR 1,000
Minimum subscription
Koykan has been built by small investors from day one, and today there are more than 500 of them. A large number of our investors chose the investment option with the possibility of later conversion into an equity stake. Conversion takes place at the final valuation of the Group, determined at the time of conversion. The aim is to bring together a thousand co-owners before a stock market listing.
A big THANK YOU to all of you who have made it possible to expand the Koykan chain into EU markets! Welcome to all future investors and co-owners of Koykan!
Terms of the issue
- Annual interest: 7.5% (fixed)
- Coupon payment: half-yearly
- Repayment of principal: in one payment on 16 July 2029
- Maturity: 16 July 2029
- Minimum subscription: EUR 1,000
- Co-ownership option threshold: EUR 5,000
- Co-ownership option: for investors holding EUR 5,000 or more, the Issuer intends to offer, during the life of the bond, a voluntary exchange of bonds for stakes in the Koykan Group; this is not a right attaching to the bond.
- Total size of the bond issue: EUR 2,000,000
- Issuer: Planets Group d.o.o.
- Instrument reference: PRIIP-KOYKAN-2026-06
- Document reference: Information Document
You can find further information on the current opportunities page.
Public invitation
Public invitation to express interest in purchasing the bonds
Planets Group d.o.o. putnička agencija, trgovina i usluge invites investors to express interest in purchasing bonds PLGR-O-297A on the terms set out in the Information Document and the resolutions on the issue of 10 July 2026 and 24 August 2026. The offer is made only in the Republic of Croatia, to investors holding a Croatian OIB. By sending the form you express your interest; on the basis of the Issuer’s decision, we will send you a payment request with payment instructions, and you acquire the bonds when they are registered in your account with SKDD.
The Issuer may decline an expression of interest or accept it in part, and may amend or withdraw this invitation.
The Information Document is not a prospectus. The Croatian Financial Services Supervisory Agency (HANFA) has neither reviewed nor approved it. The Issuer and the persons named in the declaration of responsible persons are responsible for its content.
Subscription
Bond subscription form
Complete the subscription form. Your data is used solely to carry out the subscription with SKDD.
Opening plan
Where Koykan is heading next
See our growth strategy in the infographic “Looking forward, 2026 and beyond“
Results so far
Koykan now operates 9 restaurants in four European countries (Croatia, Germany, the Czech Republic and Slovakia), with further locations under construction. An individual restaurant generates EUR 500,000 to 1,250,000 in annual revenue, with EBITDA per location above EUR 90,000, after all operating costs. The network’s annual revenue has grown over the past period to around EUR 5 million.
But what has been built over the last 18 months is not just a number of locations. We have established a repeatable operating model, a franchise framework and standardised processes, and we have markedly improved our supply chain and digital infrastructure. Koykan is no longer an experiment in a single market, but a system that works across different countries and business environments. The conclusion is simple: the model works. What we are developing now is how we finance and scale it.
Targets and strategy to 2030
Over the coming years we are building a platform that continuously develops and scales restaurants across Europe, with a focus on the DACH, Czech, Croatian and Slovak markets. The aim is a network of more than 100 restaurants, through both owned and franchised locations, built gradually and sustainably. In this phase we are moving from relying on debt as the main source of funding towards structured capital, separating growth capital from capital that seeks a stable yield.
Concrete steps are already under way. With the German group Xela Group, we are opening 20 new locations across Germany over the next four years, in two phases of ten locations each. At the same time, new locations are coming in Zagreb, Rijeka, Brno and Ljubljana, while in Croatia we are building towards a national chain present in all regions and larger cities. Alongside the expansion of the network, we are also developing Gastronomy 4.0, an automated, AI-driven food preparation line, with a dedicated module for the employment of blind and partially sighted people. We are delivering the project with three technology partners and with support from European Union funds.
We finance growth through a capital platform that brings together several channels, depending on the investor’s profile: co-ownership in the Group, the development of new restaurants (growth), a stable yield from existing restaurants (yield) and bonds, the most accessible entry point, with a fixed rate of interest known in advance. For professional investors, the Group is preparing to establish an alternative investment fund (AIF) in the Netherlands, which would finance the further opening of restaurants without increasing the business’s direct indebtedness. The fund has not yet been established, its establishment depends on approval from the competent authority and it is not part of this offer. We direct the proceeds of this bond issue primarily into the development and improved profitability of the existing chain.
🔎 Why Koykan?
Koykan is a street food restaurant chain with a proven business model, present in several countries, with active franchise partners and concrete fit-out works under way. You can find out more about how the company’s management communicates with investors on our investor relations website.
⚠️ Key risks facing Koykan
Investing in securities carries risks. Investors who decide to invest their funds in Koykan’s bonds should be aware of the risks that securities carry.
As with any investment, there are risks, including changes in the food market, operational challenges in expanding the retail network and possible regulatory changes in the franchise segment. However, Koykan operates through a diversified portfolio of carefully selected locations and uses a technology-integrated system to monitor its business, which significantly reduces operational and financial risks. Investors should familiarise themselves in detail with the risks described on this web page.
🧾 What next?
Interested investors should complete the form below.
After the subscription book is closed, a payment request will be sent.
The bonds will be registered with SKDD (the Central Depository & Clearing Company), and all investors will receive official confirmation of the subscription and of their account balance. If you do not yet have an account with SKDD, one will be opened automatically in your name.
