Nasdaq Welcomes Tewox to the Nasdaq Baltic Bond List

03.03.2025 RIG, TLN, VLN

Vilnius/Riga/Tallinn, Nasdaq Baltic Market, March 3, 2025 – Nasdaq (NDAQ) announces that bonds issued by investment company AB Tewox were listed on the Nasdaq Baltic Bond List as of today.

AB Tewox, an investment company managed by Lords LB Asset Management has successfully raised EUR 35 million through three separate tranches of public bond offerings. The bonds have a nominal value of EUR 1,000 and provide an annual interest rate of 8.5%, with semi-annual payments.

In the third tranche of the EUR 35 million bond program targeting investors in Lithuania, Latvia, and Estonia, AB Tewox raised EUR 11.2 million. The issuance amount was initially planned at EUR 6 million, but investor interest led to an oversubscription amounting to nearly EUR 15 million, which is 2.5 times the offer amount.

During the first stage of the bond program in September 2024, Tewox issued over EUR 16 million worth of bonds. In the second stage in October 2024, EUR 7.7 million were issued. The maturity of the bond issue is October 6, 2026.

“We extend our congratulations to AB Tewox on the successful completion of the third stage of its bond issuance and its inclusion in the Nasdaq Baltic Bond List. The increasing investor confidence and strong demand for the EUR 35 million bond program indicate that capital markets are becoming an increasingly attractive financing option for companies seeking to expand and invest in their future,” said Gediminas Varnas, President of Nasdaq Vilnius.

”We have consistently seen strong investor interest in our projects and financial offerings within the capital markets. This trust from investors validates the direction of our company’s business model. The inclusion of our bonds in the Nasdaq Vilnius Stock Exchange is a major milestone that will create additional opportunities for investors and enable us to pursue Tewox’s ambitious long-term growth strategy,” stated Paulius Nevinskas, Manager at Tewox.

Luminor Bank was the organizer of the public bond issue, and the law firm Ellex Valiunas ir Partneriai served as the legal adviser for the issuer.

AB Tewox is supervised by one of the biggest investment management companies in Lithuania – Lords LB Asset Management. Tewox invests in retail real estate in the Baltic Sea Region. It holds approximately €160 million of assets and 82,000 sqm of leasable area.

Lords LB Asset Management is a licensed fund management company supervised by the Bank of Lithuania. It has been providing services for institutional and private investors since 2008. The company currently manages the following collective investment undertakings: 14 real estate funds, 1 private equity fund, 1 energy and infrastructure fund and 3 investment companies. The collective investment undertakings’ assets under management totalled EUR 1.33 billion as of the end of December 2024.

Nasdaq Baltic represents the common offering of the Nasdaq Tallinn, Nasdaq Riga, Nasdaq Vilnius securities exchanges as well as Nasdaq CSD. Read more: nasdaqbaltic.com

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Media contacts:

Birutė Jocaitė-Šliurpienė
birute.jocaitesliurpiene@nasdaq.com
+370 6154 6123