At the end of May, the National Securities and Stock Market Commission (NSSMC) approved the decision to place two new bond issues of Nova Poshta, Ukraine’s leading express delivery company: series G and H with a nominal value of UAH 1 billion each.
According to the regulator’s decisions, the issuer plans to conduct a private placement of bonds.
The SMIDA disclosure system indicates that the nominal value of one bond is UAH 1,000.
It is noted that 35% of investments will be attracted to the development of the terminal network, 15% to IT, 30% to BDF containers and motor transport, and 20% to packaging for parcels.
According to Nova Poshta’s financial report for the first quarter of 2025, its net consolidated revenue increased by 20.7% compared to the first quarter of last year, to UAH 14 billion 333.2 million, while net profit decreased by 21.4%, to UAH 567.7 million.
The main activity of Nova Poshta remains the express delivery of documents, parcels, and palletized large-size cargo. The company is the leader in express delivery in Ukraine. Its ultimate beneficial owners are Volodymyr Poperechnyuk and Vyacheslav Klimov.
According to the rating agency Standard Rating, as of early April this year, Nova Poshta had total accounts payable of UAH 13.51 billion and, in addition to long-term bank loans, used resources raised from the issue of two series of bonds – E and F, each worth UAH 1 billion, which were registered by the National Securities and Stock Market Commission on April 26, 2024.
The nominal yield on Series E bonds is 17% per annum, Series F bonds is 16% per annum, and the interest period is 91 days. The maturity date of Series E bonds is May 31, 2026.
In January 2025, Nova Poshta redeemed Series D bonds issued in April 2023 in the amount of UAH 800 million, and prior to that, in 2020-2024, three more bond issues totaling UAH 1.8 billion.
