Current opportunity · Development bond · Public offering
Become a co-owner of Koykan, starting with a bond.
The most accessible way into Koykan: you lend to Koykan at
a fixed rate of 7.5% per annum known in advance, and from EUR 5,000
you also receive a co-ownership option — the right to become a
shareholder in the group at the end of the term instead of having the principal repaid. Koykan has been built from day one by small investors, and the goal is to bring together a thousand co-owners before the group heads towards a stock exchange listing. Koykan has a multi-year track record of orderly coupon payments to its investors.
7.5%
Fixed annual interest
from EUR 1,000
Minimum subscription
Total issue EUR 2,000,000 · Issuer Planets Group d.o.o. · Registered with SKDD
In 30 seconds
The investment opportunity in plain words.
Since 2012 Koykan has been building a street-food restaurant chain that today trades successfully in four European countries and earns more than one million euros in annual operating profit (EBITDA). For the next step — a stronger and more profitable chain — we are issuing a public development bond.
You invest EUR 1,000, we pay you a fixed 7.5% per annum for three years, paid every six months, and at the end of the term we repay the principal. From EUR 5,000, alongside the interest you also receive a co-ownership option: the right to become a shareholder in the group instead of being repaid.
How the subscription and the option work technically is explained further down the page, in the How it works section.
The investment opportunity at a glance
Fixed interest today, a co-ownership option tomorrow.
A public issue of the development bond of the Planets Group d.o.o. group. A simple entry point with terms known in advance and the opportunity to become a co-owner of Koykan.
Interest: 7.5% per annum
Fixed interest, the same for all three years — known in advance and independent of business results.
Semi-annual payments
Interest lands in your account every six months. The principal is repaid in a single payment at the end of the term.
Term: 3 years
The principal is repaid at the end of the third year, and over that period the investments from this issue raise the chain’s capacity and profitability.
Subscription from EUR 1,000
An entry point open to the widest range of investors, in increments of EUR 1,000.
Option from EUR 5,000
The threshold from which, alongside the interest, you also receive the co-ownership option — the right to become a shareholder in the group at the end of the term.
Issue: EUR 2m
The total value of the issue.
Where does the money go?
Developing and improving the profitability of the existing chain.
The funds from this issue are directed primarily towards developing and increasing the profitability of the existing chain, with room for further investment in growth.
A network heading towards 100+ restaurants by 2030.
Gradual, sustainable build-out through owned and franchised locations, with an emphasis on the DACH, Czech, Croatian and Slovak markets.
First growth cycle: 20 new locations across Europe
Together with operating partners we are building 20 locations across the EU. The German programme is led by Xela Group, whose territory covers all of Germany with a delivery plan, the Croatian programme is running in parallel, and new locations are coming in Zagreb, Rijeka, Brno and Ljubljana.
Gastronomy 4.0
An AI-driven automated food preparation line, with a dedicated module for employing blind and partially sighted people. Delivered with three technology partners and with support from European Union funds.
Structured capital
Instead of relying further on bank debt, we finance growth with structured capital — co-ownership, growth, yield and bonds. The Yield channel raises capital through a public joint-stock company listed on the Zagreb Stock Exchange’s Progress market, the Croatian Growth channel through a domestic joint-stock company, and the German Growth channel through a German joint-stock company; during 2026 we are also finalising an AIF (an alternative investment fund for professional investors) to fund further restaurant openings.
Results so far
A model that works in four countries.
What has been built over the past 18 months is not just a number of locations: we have established a repeatable operating model, a franchise framework and standardised processes — from opening a location to running it day to day — and upgraded the supply chain and digital infrastructure. Every new restaurant opens to the same template, with known costs and a known standard.
Koykan is therefore no longer an experiment in a single market, but a system that works in four countries and in different business environments. The model works — and this issue finances scaling it up: the existing chain’s earnings cover the interest, while the capital accelerates growth.
9 restaurants
The network operates in four European countries — Croatia, Germany, the Czech Republic and Slovakia — with further locations under construction. It has been built gradually, through owned and franchised restaurants, so the business does not depend on any single market or any single location.
> EUR 90,000 EBITDA per location
Annual operating profit (EBITDA) per location, after all operating costs. This is the money left over from each restaurant’s ordinary trading — and it is precisely from these earnings that interest to investors is serviced.
> EUR 1m chain EBITDA
Estimated EBITDA of the existing business in 2026.
~ EUR 5m in annual revenue
The network’s annual revenue in the period just ended. With a repeatable operating model, a franchise framework and standardised processes, every new location adds revenue on top of the existing base.
> 500 retail investors
Retail investors have been building Koykan from day one, across several public bond rounds carried out through SKDD. The history of every round and every payment is publicly documented on the Koykan Investor Relations page.
Since 2012
Since then Koykan has been building the brand, the technology, the franchise concept and the network of locations — fourteen years of operating experience on which this programme rests.
Two levels of entry
Choose the level that suits you.
Both routes carry the same fixed interest of 7.5% and the same subscription process. There is one difference: whether, from EUR 5,000, you also receive the option to become a co-owner of Koykan.
Fixed interest
from EUR 1,000 minimum subscription
- 7.5% fixed annual interest
- Coupon paid semi-annually
- Principal repaid in a single payment at the end of 3 years
- Subscription in increments of EUR 1,000
- No co-ownership option — a pure bond
Fixed interest + share option
from EUR 5,000 threshold for the option
- All the benefits of the standard bond
- The 7.5% fixed interest remains guaranteed
- A right — not an obligation — to convert the bond into shares in the Company at the end of the term
- The opportunity to become a co-owner of Koykan
- You decide towards the end of the term — until then you need do nothing
This is not a convertible bond: you decide whether, at maturity, to exercise the right to convert into shares or to have the principal repaid with interest.
The option leads to ownership of the group: at your decision the bond is converted into shares in the Company at the final valuation — the value of the entire group determined at the moment of conversion. In the meantime the group is being reorganised from a limited liability company into a joint-stock company, so the conversion takes place only once that reorganisation is complete. Execution happens at the level of the joint-stock company and SKDD, the Croatian Central Depository & Clearing Company, as a corporate action.
Unlike the Growth and Yield channels, where entry bonds are converted into shares of the channel companies 1 : 1 according to the amount paid in, here the option leads to the top of the structure — to the group that stands behind all the channels.
If you do not exercise the option, you stay with the bond: 7.5% fixed and repayment of the principal at maturity.
How it works
Subscription in three steps.
The whole process is carried out transparently, with registration at the Central Clearing and Depository Company (SKDD).
Step 1
Complete the subscription form
You register your interest and complete the subscription on Koykan’s corporate website, in increments of EUR 1,000.
Step 2
Payment and registration with SKDD
Once the subscription book closes you receive a payment request. The bonds are registered with SKDD, and if you do not yet have an account, one is opened automatically in your name. Coordination is handled by Escont Partners d.o.o., a specialist adviser for the execution of the issue.
Step 3
Interest and maturity
The 7.5% fixed interest is paid semi-annually, and the principal in a single payment at the end of the third year. If you have chosen the co-ownership option, you decide towards the end of the term whether to exercise it — the conversion is carried out as a corporate action at SKDD.
Risks
What you should know before investing.
Key risks
- Investing in securities carries risk, including the risk of losing part or all of the principal invested.
- The risks include changes in the food market, operational challenges in expanding the retail network and possible regulatory changes in the franchising segment.
- Koykan operates through a diversified portfolio of carefully selected locations and a technologically integrated business monitoring system, which reduces but does not eliminate operational and financial risks.
- The co-ownership option is a right, not a guarantee of returns. The value of the shares depends on the Company’s performance.
- The binding terms, fees and the complete list of risks are set out in the issue documentation. Read it before making a decision.
Join the investors building Koykan.
Complete the subscription form and secure your place in the public issue of the development bond. We respond to every enquiry personally.
7.5% fixed · from EUR 1,000 · co-ownership option from EUR 5,000 · registered with SKDD
FAQ
Short and clear.
What is the development bond?
A public bond issue by the Planets Group d.o.o. group at a fixed interest rate of 7.5% per annum, a 3-year maturity, and registration with SKDD. The most accessible way to invest in Koykan, from EUR 1,000.
What is the interest rate, and how is it paid?
7.5% fixed per annum. The coupon is paid semi-annually, and the principal in a single payment at the end of the three-year period.
What is the minimum subscription?
EUR 1,000 for the standard bond, in increments of EUR 1,000. From EUR 5,000 you also receive the co-ownership option.
What is the co-ownership option?
From the EUR 5,000 threshold you keep the fixed interest and also gain the right, at maturity, to convert the bond into shares in the Company at the final valuation — the value of the group determined at the moment of conversion. This is an option, not an obligation — you decide shortly before maturity, and execution is carried out as a corporate action at SKDD. This is not a convertible bond, but a bond with a conversion option.
How does the subscription work?
You complete the subscription form. Once the subscription book closes you receive a payment request, and the bonds are registered with SKDD. If you do not have an SKDD account, one is opened automatically. Coordination is handled by Escont Partners d.o.o.
What are the funds invested in?
Primarily in developing and increasing the profitability of the existing restaurant chain, whose annual operating profit (EBITDA) secures regular interest payments and further investment in growth.
Where can I find the binding terms and risks?
In the issue documentation, together with the instrument’s PRIIP KID – both are published on koykan.com, and the history of all previous bond rounds is publicly documented on the Koykan Investor Relations page. This page is an informational summary and does not constitute investment advice. Read the issue documentation before making a decision.
Can Koykan repay the bond early?
Yes — with prior notice and under the terms defined in the issue documentation, the Company may carry out early repayment. In that case you retain the right to repayment of the principal and the interest accrued up to the date of early repayment.
What if the full planned amount is not raised?
Koykan uses a multi-channel approach to financing — bank loans, leasing, private investors and the positive operating cash flow of existing locations — so the delivery of its development plans does not depend on any single issue being fully subscribed. The targeted minimum amount of the issue has already been secured.