The international financial service NovaPay (TM NovaPay) from the Nova group has placed the entire series of “M” bonds, issued by its subsidiary NovaPay Credit, with a nominal value of UAH 200 million, while 11 of the previous 12 series were issued with a nominal value of UAH 100 million each, and another one – UAH 90 million.
As stated in the company’s announcement on Friday, the National Securities and Stock Market Commission (NSSMC) approved the placement report on January 29, 2026, while the bonds were issued in the fourth quarter of 2025.
Like most NovaPay bond series, the M series bonds will be used in repo transactions, which the company promotes as an alternative to bank deposits: the bonds are issued in denominations of UAH 1,000 for three years with a coupon payment at a rate of 18% per annum upon maturity.
The funds raised from the bond issue are planned to be used for lending operations to legal entities (20%) and individuals (80%).
NovaPay emphasized that as of early 2026, more than 7,100 customers had become owners of the service’s corporate bonds for a total amount of UAH 1.25 billion.
As reported, NovaPay Credit increased its net profit by 1.8 times in January-September 2025 compared to the same period last year, to UAH 101.56 million, but according to the results of the year, it was planned to bring it to UAH 518.9 million, and in 2026 to increase it to UAH 1 billion 30.6 million by increasing net interest income from UAH 802.1 million to UAH 1 billion 515.1 million.
In total, during 2023-2025, NovaPay carried out 12 bond issues with a total nominal value of UAH 1 billion 190 million. Securities of all series, except for three, are used for the REPO operations program as an alternative to bank deposits. They are available for purchase in the NovaPay mobile application, and interest payments on them are scheduled to be made once upon redemption. Interest on bonds for institutional investors is paid quarterly. They also have an annual offer, and the nominal yield for the first year of circulation is 18% per annum. Series “K” became the third for institutional investors.
In September 2025, the service redeemed two-year Series C bonds worth UAH 100 million, which it placed among institutional investors. The issuer’s portfolio still has another series, Series I, of bonds of this type worth UAH 90 million.
NovaPay was founded in 2001 as an international financial service, part of the Nova group (“Nova Poshta”), providing online and offline financial services in Nova Poshta branches. According to the website, the company employs about 13,000 people in more than 3,600 Nova Poshta branches throughout Ukraine. According to the National Bank of Ukraine, the company accounts for about 35% of the total volume of domestic money transfers.
NovaPay was the first non-bank financial institution in Ukraine to receive an extended license from the NBU in 2023, which allowed it to open accounts and issue cards, and was also the first non-bank to launch its own financial application with a wide range of financial services at the end of last year.
