Bonds of the international financial service NovaPay (TM NovaPay, issued by NovaPay Credit LLC) were purchased by 5,900 Ukrainians for a total amount of UAH 1.7 billion, the company announced on Tuesday. On May 8, it reported that as of April, there were more than 4,800 investors with a total investment of over UAH 1.3 billion.
According to NovaPay’s press release on Tuesday, 80% of purchases in the app are investments of up to UAH 50,000.
In early March this year, the company reported that about 4,300 Ukrainians had purchased its bonds for a total of about UAH 1.2 billion, while at the beginning of the year it reported more than 3,000 customers and UAH 740 million, and in mid-October 2024 – about 2,600 customers and UAH 600 million.
As reported, in 2023, NovaPay made three public issues of interest-bearing bonds of series “A”, “B” and “C”, and last year issued six more series of bonds – “D”, “E”, “F”, “G”, ‘H’ and “I”, and this year – another series “J”, all worth UAH 100 million. This year, the company also decided to issue two more series – ‘K’ and “L” with a total nominal value of UAH 100 million. Traditionally, the funds raised are planned to be used for lending operations to individuals and legal entities – 80% and 20%, respectively.
Securities of all series, except for “B” and “I,” are used for repo operations as an alternative to bank deposits, They are available for purchase in the NovaPay mobile app, while bonds of series “B” and “I” are offered for sale to institutional clients, with interest income paid quarterly.
According to the prospectuses, the bonds of the last four series were issued for three years. The nominal interest rate on them is 17% per annum, while for the previous three it was 18%.
According to the prospectus, NovaPay Credit plans to increase its interest income to UAH 802.1 million this year and to UAH 1 billion 515.1 million next year, and to receive UAH 518.9 million and UAH 1 billion 30.6 million in net profit, respectively.
Last year, the company’s net profit grew to UAH 89.2 million from UAH 40.3 million a year earlier, with revenue increasing to UAH 285.6 million from UAH 95.6 million.
