Riga/Tallinn/Vilnius, Nasdaq Baltic Market, June 30, 2025 – Nasdaq (NDAQ) announces that bonds issued by Latvian company OC VISION were listed on the Nasdaq Baltic First North Market by Nasdaq Riga as of today.
OC VISION, the largest vision care company in the Baltics, has successfully raised EUR 10 million through its first public bond offering with a fixed annual coupon rate of 6%. Total demand for the secured bonds reached EUR 13.1 million, oversubscribed by more than 130%.
The offering attracted interest from both retail and institutional investors. Approximately 95% of the demand from investors came from Latvia, with the rest originating from Lithuania, Estonia and Germany.
"The Baltic capital markets have demonstrated substantial activity with bond issues this year," stated Liene Dubava, CEO of Nasdaq Riga. "The listing of OC VISION on the First North Market marks a notable milestone as the company becomes the first Latvian enterprise to secure funding with the Central Finance and Contracting Agency (CFCA) support. I am confident this achievement will inspire other ambitious Latvian companies to follow suit".
"We began as pioneers in vision care, guided by the belief that high-quality primary eye care services should be accessible to everyone in Latvia. Nearly 35 years later, we have grown into a market leader in the Baltics — thanks to our dedicated team, loyal clients, and a clear long-term growth strategy. Our first bond issuance marks a major milestone in our company’s journey, opening a new chapter in our development and offering more people the opportunity to participate in the growing vision and hearing care sector. We are honoured by the trust our investors have placed in us — it reinforces our vision and core values," said Toms Dzenis, Group CEO and Board Member at OC VISION.
Operating since 1991 OC VISION is a major player in the optical market, providing vision care across 50 retail locations in Latvia and 27 in Lithuania through such store brands as Vision Express, OptiO, and VIZIONETTE. The Group is also expanding its e-commerce footprint through Dr. Lensor, active across the Baltics and now growing in Northern Europe. Additionally, Opptica serves as a reliable wholesale and service partner for optical goods and ophthalmic equipment, supporting eye care and medical professionals throughout the region.
On 25 March 2025, the Central Finance and Contracting Agency (CFCA) approved the investment project application No. 1.2.1.3/1/25/A/001 “Attracting Capital Market Financing for SIA OC VISION to Enhance International Competitiveness and Investment in Development and Innovation.” The project aims to raise financing through the capital market. The total eligible project costs are €266,866.56, including €102,000.00 in ERDF support and €18,000.00 in national co-financing.
Nasdaq First North Market is tailored to support smaller, growing companies that want to raise capital and get the visibility and credibility of being a public company. For investors, First North offers an opportunity to invest in companies that are at an earlier stage of their growth.
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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Sanita Gailane
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