OC VISION, the largest provider of optics and optometry services in the Baltic States has successfully attracted financing in the amount of EUR 10 million at a fixed interest rate of 6% in a public bond offering in the Baltics.
The total demand for secured bonds was EUR 13.1 million, which is more than 130% of the issue target. The bond offer attracted interest from both private and institutional investors from four countries – Latvia, Lithuania, Estonia and Germany. Institutional investors appreciated the prospects for the stable and sustainable health sector represented by OC Vision.
The organiser of the bond issue is the leading Latvian investment bank Signet Bank, while legal advice is provided by TEGOS. The security agent is Sorainen ZAB.
OC VISION bonds will be listed on the Nasdaq Baltic First North market.
Our role and team
TEGOS team prepared a prospectus for this project, which served as the basis for the bond offering, as well as advised the issuer on all matters related to the bond issue. The work on the bond issue was led by partner Inese Hazenfusa, and the team also included senior associate Mārtiņš Galzons.
About OC VISION
OC VISION Group is a major player in the optics market with 50 retail locations in Latvia and 27 in Lithuania, offering vision care through such recognisable store chains as Vision Express, OptiO and VIZIONETTE.
