Nova Poshta LLC, the largest logistics operator in Ukraine and a member of the NOVA group, has fully placed its issue of interest-bearing unsecured F series bonds with a total nominal value of one billion UAH.
According to the National Securities and Stock Market Commission (NSSMC), the company registered the report on the results of the issue on August 14, while the issue was initially registered on April 26 this year.
According to the report for the first half of 2024, the bonds will mature on June 10, 2026, bear interest at 16% per annum, mature on June 5, 2026, and have a nominal value of UAH one thousand.
Nova Poshta registered a report on the placement of the previous series E issue of the same volume with maturity on August 8, 2025 and an interest rate of 17% per annum with the NSSMC on July 4 this year. Most of it, worth UAH 650 million, was purchased in May by Oschadbank (Kyiv). It was clarified that this is the third transaction since 2019 for the state-owned bank to finance Nova Poshta by purchasing corporate bonds.
Both series of bonds were placed without a public offering on the over-the-counter market.
As of the middle of this year, Nova Poshta’s liabilities on the E series bonds amounted to UAH 995.16 million, F series – UAH 994.88 million, and on the previously issued D series bonds maturing at the end of January 2025 – UAH 818.51 million.
As of the end of June this year, Nova Poshta’s total liabilities on bonds amounted to UAH 2 billion 808.55 million, while its liabilities to banks amounted to UAH 3 billion 136.12 million, and the total amount of liabilities and collateral amounted to UAH 15 billion 562.04 billion.
As reported, in 2023, Nova Poshta made two bond issues – “C” and “D” – each with a nominal amount of UAH 800 million. The C series bonds were issued for a 12-month term with a 24% p.a. rate, while the D series bonds were issued for 20 months with a 23% p.a. rate.
Earlier, in February 2023, the company redeemed the UAH 700 million Series B bonds issued in March 2020.
In the first half of 2024, Nova Poshta LLC increased its unconsolidated net income by 20.1% to UAH 20.12 billion, but the company’s net profit decreased by 38.1% to UAH 1.49 billion.
