Business news from Ukraine

“Nova Poshta” to issue E and F series bonds

30 April , 2024  

Nova Poshta LLC, the largest logistics operator in Ukraine and a member of the NOVA group, is issuing interest-bearing unsecured corporate bonds of series E and F.

According to the National Securities and Stock Market Commission of Ukraine (NSSMC), it registered both issues on April 26 this year.

At the same time, information on the parameters of these issues, including the volume, maturity and yield, is not yet available on the regulator’s website or on the issuer’s website.

Last year, 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 a 20-month term with a 23% p.a. rate.

Earlier in February 2023, Nova Poshta redeemed the UAH 700 million of Series B bonds issued in March 2020.

According to the clarity-project, in 2023 the company increased its net profit by 85.7% to UAH 3 billion 967.2 million, and its revenue increased by 54% to UAH 36 billion 468.9 million.

,