PRO BRO Group joins Nasdaq Baltic First North with €5.5M bond issue

01.12.2025 VLN

Vilnius/Tallinn/Riga, Nasdaq Baltic Market, December 1, 2025 – Nasdaq (NDAQ) announces that bonds issued by PRO BRO Group are admitted to trading on the Nasdaq Baltic First North market.

Through a public bond offering, PRO BRO raised more than €5.5 million. Each bond has a nominal value of €1,000, an annual interest rate of 9%, paid quarterly. The bond term is 2.5 years, with a redemption date of April 14, 2028.

A total of 633 investors from Lithuania, Latvia, and Estonia purchased the bonds. The average invested amount was slightly over €8,000.

“We are pleased that capital markets help attract funds for business expansion in the Baltics and beyond. Being a small market, we must actively contribute to strengthening business financing, as this is the only way to ensure growth and competitiveness internationally,” said Gediminas Varnas, President of Nasdaq Vilnius.

“Including the bonds on the Nasdaq First North market is an important step, as it makes us accessible to a wider circle of investors and commits us to higher transparency standards, increasing our credibility in capital markets. The successfully distributed issue allows us to diversify funding sources and more firmly implement our business plans, while trading the bonds on Nasdaq First North increases investment liquidity,” said Andrius Bendikas, CFO of PRO BRO Group.

The bonds were distributed in the Baltic market by Artea Bank, with legal advisory provided by the law firm TEGOS.

About PRO BRO Group

PRO BRO Group operates three main business segments: PRO BRO Express car washes (using advanced washing solutions that ensure efficient and fast car cleaning), Švaros broliai self-service car washes, and commercial cleaning services (comprehensive cleaning of commercial premises).

About Nasdaq

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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