First North Bond Market opens in Baltics with 7½% two-year bonds

By Susanna Moon

Chicago, March 16 – First North Bond Market will admit the first issue for trading Wednesday, which is a 7½% two-year bond issue by AB Bobutes Paskola of 2,000 bonds.

First North Bond is a new service on the Nasdaq Baltic Market that will let growth companies more easily and quickly attract financing on the market, according to a press release by Nasdaq.

“The First North market for bonds offers an alternative for growing companies that want to raise additional funds in the capital market but are not yet ready to join the regulated market. Companies on the First North market face lighter legal and regulatory requirements. Certified advisors assist them in joining this market,” the press release noted.

AB Bobutes Paskola will use proceeds for expansion by adding new services and products.

First North is regulated as a multilateral trading facility, operated by the different exchanges at Nasdaq.

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