Nasdaq Welcomes UAB Neodenta to the Nasdaq Baltic First North Market
Vilnius/Riga/Tallinn, Nasdaq Baltic Market, February 28, 2025 – Nasdaq (NDAQ) announces that bonds issued by UAB Neodenta were listed on the Nasdaq Baltic First North Market as of today.
The network of implantology and aesthetic dentistry clinics UAB Neodenta successfully attracted 3 million euros through a public bond issue secured by real estate.
The nominal value of each bond is 1,000 EUR, with a 10% annual interest rate, which will be paid semi-annually. Institutional and retail investors from Lithuania, Estonia, and Latvia actively participated in the public bond offering, signing up for bonds worth 4.57 million euros and exceeding the supply by 52%. The bonds have been issued for a period of 3 years.
“We welcome Neodenta to the First North market and are pleased that the company has become the first dental clinic in Lithuania to take advantage of alternative market opportunities. The excess demand for the bond issue indicates investors’ confidence in Neodenta‘s vision and strategic direction. We wish the company every success in implementing its development plans,” says Gediminas Varnas, President of Nasdaq Vilnius.
“We are pleased to have had the opportunity to offer investors an attractive investment product. Investor confidence in Neodenta clinic and its long-standing operations is very important to us. This attracted investment of 3 million will help us achieve our planned 3-year goal and development strategy – to open 5 dental clinics, focusing mainly on the major cities in Lithuania. With our long-term experience and knowledge of the specifics of the business, the planned expansion is well-grounded, and risk managed. We have long-term real estate developers who see us as a partner in providing high-quality dental services to new residents in their developing residential areas. We are also pleased that our services will be offered even to the most discerning clients,” says Eglė Kunčiuvienė, Head of Neodenta.
The organization and distribution of the bond offering were handled by UAB FMĮ Orion Securities which is the company’s certified advisor on the First North market.
UAB Neodenta is a modern network of dental clinics providing the highest quality dental services, combining contemporary technologies, innovations, and a professional team of doctors. Neodenta began its operations in 2000 with the opening of the first clinic in Kaunas. Currently, the company operates 29 dental offices in Vilnius, Kaunas, and Vilkaviškis. Here, 128 highly qualified specialists work to provide high-quality and superior services in one place. Additionally, Neodenta is the founder of the National Association of Aesthetic Dentistry and a pioneer in aesthetic dentistry.
