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%.
About the bond offering
The offering attracted interest from both retail and institutional investors across four countries – Latvia, Lithuania, Estonia, and Germany. In terms of investment volume, institutional investors highly appreciated the stable and sustainable perspective of the healthcare sector represented by the company.
Approximately 95% of the demand from investors came from Latvia, with the rest originating from Lithuania, Estonia and Germany. This reflects a strong signal of both the growing retail investor community in Latvia and the increasing level of financial literacy among the population, encouraging more individuals to invest their available funds in bonds.
Our team and involvement
Our team was led by partner Ramona Miglāne, counsel Inese Heinacka, senior associate Edvīns Draba and associate Andrius Pilitauskas. Sorainen acted as collateral agent in this transaction.
