Nasdaq RigaPress release
Nasdaq Welcomes OC VISION to the Nasdaq Baltic First North Market
Riga/Tallinn/Vilnius, Nasdaq Baltic Market, June 30, 2025 – Nasdaq (NDAQ)announces that bonds issued by Latvian company OC VISION were listed on theNasdaq Baltic First North Market by Nasdaq Riga as of today.
OC VISION, the largest vision care company in the Baltics, has successfullyraised EUR 10 million through its first public bond offering with a fixedannual coupon rate of 6%. Total demand for the secured bonds reached EUR 13.1million, 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 restoriginating from Lithuania, Estonia and Germany.
“The Baltic capital markets have demonstrated substantial activity with bondissues this year,” stated Liene Dubava, CEO of Nasdaq Riga. “The listing of OCVISION on the First North Market marks a notable milestone as the companybecomes the first Latvian enterprise to secure funding with the Central Financeand Contracting Agency (CFCA) support. I am confident this achievement willinspire other ambitious Latvian companies to follow suit”.
“We began as pioneers in vision care, guided by the belief that high-qualityprimary eye care services should be accessible to everyone in Latvia. Nearly 35years later, we have grown into a market leader in the Baltics — thanks to ourdedicated team, loyal clients, and a clear long-term growth strategy. Our firstbond issuance marks a major milestone in our company’s journey, opening a newchapter in our development and offering more people the opportunity toparticipate in the growing vision and hearing care sector. We are honoured bythe trust our investors have placed in us — it reinforces our vision and corevalues,” 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 Lithuaniathrough such store brands as Vision Express, OptiO, and VIZIONETTE. The Groupis also expanding its e-commerce footprint through Dr. Lensor, active acrossthe Baltics and now growing in Northern Europe. Additionally, Opptica serves asa reliable wholesale and service partner for optical goods and ophthalmicequipment, supporting eye care and medical professionals throughout the region.
On 25 March 2025, the Central Finance and Contracting Agency (CFCA) approvedthe investment project application No. 1.2.1.3/1/25/A/001 “Attracting CapitalMarket Financing for SIA OC VISION to Enhance International Competitiveness andInvestment in Development and Innovation.” The project aims to raise financingthrough 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 companiesthat want to raise capital and get the visibility and credibility of being apublic company. For investors, First North offers an opportunity to invest incompanies that are at an earlier stage of their growth.
Nasdaq Baltic represents the common offering of the Nasdaq Tallinn, NasdaqRiga, Nasdaq Vilnius securities exchanges as well as Nasdaq CSD. Read more:nasdaqbaltic.com
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Media contacts:
Sanita Gailānesanita.gailane@nasdaq.com+371 25277733https://view.news.eu.nasdaq.com/view?id=bfa631646c14a20c8ede4adde5f765284&lang=en&src=omxlink
