Nova Poshta, the leader in express delivery in Ukraine, started placing B series bonds for UAH 700 million on May 11.
The corresponding bond issue was registered by the National Securities and Stock Market Commission on May 7, 2020.
The bonds were issued for a period until February 17, 2023 with a coupon rate of 16% and a periodicity of payments four times a year. The placement period is from May 11 to July 10, 2020.
As reported, in 2020 the company intends to invest $100 million in its development.
In February-April 2019, Nova Poshta carried out a closed placement of bonds in the amount of UAH 300 million at 22% per annum with maturity until August 22, 2020. Funds from the placement of bonds were used to modernize the infrastructure and the network of the issuer’s branches.
Nova Poshta, founded in 2001, is a leader in the express delivery market in Ukraine. The company’s network consists of more than 6,000 branches throughout the country.
