From June 4 to June 17, 2025, SIA OC VISION, the Baltic region’s leading and most advanced vision care group, is organizing its first public bond offering. Both retail and professional investors across the Baltics are invited to participate in the offering. The secured bonds are offered with an annual interest rate of 6%, paid quarterly, and a maturity term is 4 years. The total bond issuance amount is up to €10 million, with a nominal value of €100 per bond. The Prospectus for SIA OC VISION has been approved by the Bank of Latvia. Following the bond issuance, OC VISION will submit an application to Nasdaq Riga for the listing of the bonds in the Nasdaq Baltic First North alternative market.
How to subscribe to bondsFor almost 35 years, we have demonstrated that strategic vision and farsightness delivers results. OC VISION will continue to grow by expanding market share, enhancing profitability, and strengthening our leadership position in the Baltic healthcare sector. The ability to see beyond has always been the key to our success.
The Baltic’s leading and most advanced vision care group
+14% average annual growth rate over the past five years
Quarterly coupon payout
Assets of SIA OC VISION and its subsidiaries pledged
Omnichannel sales strategy
An aging population and increasing consumer investment in personal healthcare make OC VISION bonds one of the most stable and promising investment opportunities for the future
Committed to investor health and well-being
Investors who contribute more than €500 in the initial bond offering will be invited to join the exclusive OC VISION Investor Loyalty Program, which offers benefits across three tiers based on the investment amount: VISIONARY Bronze, VISIONARY Silver, and VISIONARY Gold.
Read moreStart of subscription period at 10:00 EET
Nasdaq investor webinar in Latvian at 10:00 EET and in English at 11:30
End of subscription period 14:30 EET
Publication of the results of the Offering
Settlements with investors
That doesn’t mean you can't subscribe to our bonds. Please contact your bank directly for detailed instructions on how to subscribe. Bond subscriptions are available to investors in the Baltics.
Have questions? Get in touch with us!
Bonds are debt securities (financial instruments) through which an investor (bondholder) lends money to a bond issuer for a fixed period of time at a predetermined interest rate. The bond issuer is obliged to pay the investors a fixed interest rate or coupon at regular intervals (e.g. quarterly) and to repay the principal amount of the bond (originally borrowed funds) to the investors upon maturity.
For a bond to be offered to the public and listed on a stock exchange, a company must prepare a prospectus that is approved by the Bank of Latvia. This document contains information essential for investors to make an informed assessment of the company’s, also referred to as the issuer, financial performance and perspectives, issuance objectives, risk factors, strategic objectives, and other considerations before purchasing the company’s bonds.
Bonds are issued for a fixed term and offer a predetermined return. Investors receive regular interest payments (coupons) on the bonds they hold, and at the end of the term, the original investment amount is repaid. Exchange-listed bonds may be sold by the investor on the secondary market at market value prior to maturity. Importantly, issuing bonds does not affect the company’s ownership structure. In contrast, when a company issues shares, it brings in new equity investors who become co-owners of the company. The capital raised from shares is invested in the company’s growth and does not need to be repaid. Shareholders may earn returns through dividends and can potentially profit from selling their shares on the stock exchange if the company performs well and its share value has increased.
The interest rate is the rate that the issuer pays to the investor in accordance with the bond prospectus, approved by the Bank of Latvia. In the OC VISION bond issue, the company offers a fixed interest rate, meaning that this rate will remain unchanged throughout the specified bond term.
The sign-up period will run from 4 June to 17 June.
The last day for submitting bond purchase orders may vary from bank to bank, so please do not postpone your subscription until the last minute.
OC VISION bond issue is open to any retail or professional investor who has opened a securities or investment account at a Baltic commercial bank or financial institution. This type of financial accounts are designed for holding securities and making payments when buying and selling securities. Often the most convenient option is to open a securities or investment account with a bank which is used for daily banking.
Investors will be able to purchase up to 100,000 OC VISION bonds with a total nominal value of €10 million and a nominal value of €100 per bond.
The price of each bond is €100, corresponding to 100% of the nominal (face) value of the bond. The minimum investment amount per investor is 1 bond or €100 with an annual interest rate of 6% and a maturity of 4 years.
Under its bond program, OC VISION offers a fixed bond interest rate of 6% per annum, with coupon (interest) payments made quarterly to investors. At the end of the bond’s maturity period, the company is also obligated to repay the investor the original principal amount of the investment.
Yes, the OC VISION bond issue will be secured with pledges on the assets of OC VISION and its subsidiaries in Latvia and Lithuania.
The prospectus of OC VISION approved by the Bank of Latvia can be found HERE.
Investors are invited to carefully review the risks related to OC VISION bonds in the prospectus, which is available HERE.
The proceeds from the bond issue will support expanded access to healthcare services and regional growth — including store modernisation and the development of new, specialised concepts for vision and hearing examination rooms. Key priorities for the Group include advancing myopia control programmes for children and enhancing vision quality for clients aged 40 and above, using the latest in spectacle and contact lens technology. The company also maintains strong ambitions for continued M&A activity across the region to consolidate and strengthen its market leadership.
More detailed information on the use of the funding is available in the OC VISION prospectus.
Investors who contribute more than €500 in the initial bond offering will be invited to join the exclusive OC VISION Investor Loyalty Program, which offers benefits across three tiers based on the investment amount: VISIONARY Bronze, VISIONARY Silver, and VISIONARY Gold.
More detailed information is available on the company’s website in the section Investor Loyalty Programme
The minimum investment amount is 1 bond or €100 for one investor.
Once the decision to invest in the bonds has been taken, a subscription (purchase) order must be submitted to your bank. If you do not have an investment or securities account, you have to contact your bank to open one.
This type of account is used for holding securities and making payments related to the buying and selling of financial instruments. The most convenient option is often to open a securities or investment account with the same bank where you already hold a current (settlement) account.
The subscription process may vary slightly among banks. Visit your bank’s website, navigate to the investment section, and explore the available options. Some banks may require manual subscription, either through a phone call or by completing a written request.
The main difference between accounts lies in taxation for Latvian residents. If you purchase bonds from an investment account, you’ll only incur personal income tax when you withdraw more than your initial investment. In contrast, if you buy bonds as an individual through your own securities account, the issuer is required to withhold personal income tax at the time of withdrawal, resulting in a reduced payment to your account after tax.
Tax withholding is determined by the regulations of the country where the issuer is located, in this case, Latvia.
For Latvian residents, no tax is withheld if the individual holds the securities in an investment account. Otherwise, there will be personal income tax withheld in the amount of 25.5% if the annual amount does not exceed € 200,000. No tax is withheld from non-resident individuals (for example, for Lithuanian and Estonian citizens) or legal entities.
1991. Operating since 1991, OC VISION is a major player in the optical market, operating 77 retail locations in Latvia and Lithuania through brands such 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.
OC VISION’s ambition is to lead the development of vision and hearing care in the Baltics by introducing the latest technological innovations and creating opportunities for top industry professionals. To date, the company has invested over €11 million in diagnostic facilities and advanced technologies to support vision and hearing health—and remains committed to continued investment in this promising field.
2024. In 2024, OC VISION recorded 10% revenue growth year-on-year, reaching a record €36 million. EBITDA rose to €2.2 million, reflecting 38% growth compared to the previous year.
A detailed financial report can be found in the OC VISION prospectus.
It is projected that by 2029, nearly 56% of the Baltic population will require vision correction. At the same time, demand for hearing care is rising rapidly. These trends indicate a clear need to expand service accessibility, improve early diagnostics, and strengthen preventive care across the region.
Investors can find the latest information on OC VISION news, including the results of the bond issue, in the investor section of the OC VISION website: https://ocvision.eu/en/investors/