In February, NovaPay Credit LLC made a public offering of two issues of interest-bearing bonds of series “D” and “E” with a nominal amount of UAH 100 million each through the PFTS stock exchange.
“100,000 D series interest-bearing bonds with a nominal value of UAH 1,000 with a maturity date of January 19, 2027 and an interest rate of 18% per annum were placed on the PFTS. Also, 100 thousand interest-bearing bonds of series “E” with a nominal value of UAH 1,000 with a maturity date of February 19, 2027 and an interest rate of 18% per annum were placed on the PFTS,” the exchange said.
According to information on the PFTS website, the public offerings were formalized by only two transactions for the entire volume of issues: series D – on February 16, series E – on February 27. Both times the sale price was equal to the face value.
Last year, NovaPay Credit registered with the NSSMC three public issues of interest-bearing bonds of series A, B and C for UAH 100 million each. Series “C” has a maturity of two years instead of three years in the previous two issues and coupon payment on a quarterly basis, while in the issues “A” and “B” interest payment is provided at the end of the circulation.
The interest rate of the “C” series bonds is set at 20% per annum, as in the previous series, but only for the first year of circulation, while for the second year it will be additionally determined with the right of the holders to submit the bonds for mandatory redemption.
In addition, along with the D and E series issues, NovaPay Credit registered a F series issue with the same nominal amount of UAH 100 million at the end of last year. The bonds of these three series have a maturity of three years and pay a single coupon at 18% per annum at maturity. The public offering of the F series will be held from March 19, 2024 to March 18, 2025 through the PFTS exchange.
“NovaPay Credit has already announced that it intends to actively use the bonds issued in repurchase agreements for terms from one month to one year, which are concluded through the NovaPay mobile application, creating a convenient alternative to bank deposits.
The company completed the first nine months of 2023 with a net profit of UAH 29.88 million, while the same period in 2022 resulted in a net loss of UAH 4.97 million. Its revenue tripled to UAH 58.02 million. The loan portfolio amounted to UAH 278 million as of September 30.
It was noted that the company is present in more than 3.6 thousand financial service points.
