Nasdaq Welcomes ZeroSum Asset Management to the First North Market

22.12.2025 VLN

Vilnius/Tallinn/Riga, Nasdaq Baltic Market, December 22, 2025 – Nasdaq (NDAQ) announces that bonds issued by Plovyklos Finance LT, managed by “ZeroSum Asset Management”, have been admitted to trading on the Nasdaq Baltic First North market.

Through the public bond offering, Plovyklos Finance LT raised €6.4 million. Each bond has a nominal value of €1,000, an annual interest rate of 10%, payable semi-annually. The bond maturity is 3.5 years, with a redemption date of March 10, 2028.

A total of 71 investors from Lithuania purchased the bonds. The average invested amount was €73,500.

“We see steadily rising investor activity across the Baltic market. This issuance gives companies more options to finance expansion, innovation, and sustainability goals—while offering investors attractive opportunities to participate in the region’s growth,” says Gediminas Varnas, President of Nasdaq Vilnius.

“The inclusion of our bonds on the Nasdaq Baltic First North market is an important milestone for us, enabling us to consistently fulfill our commitments to bondholders and fund investors while continuing to focus on expanding our specialized car wash real estate portfolio in the Baltic region. This step strengthens our ability to use capital market instruments and gives investors the opportunity to participate in the growth of a clearly defined, operating business,” says Laurynas Byla, CEO of ZeroSum Asset Management.

About ZeroSum Asset Management

Since the launch of its first fund in 2018, when assets under management totaled €3 million, the specialised asset management company ZeroSum Asset Management has grown over several years to 7 funds and a portfolio of more than €100 million in assets. Over the next three years, the company plans to implement ambitious development plans and increase assets under management to more than €350 million.

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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