The international financial service NovaPay (TM NovaPay) will issue a series of “L” bonds with a total nominal value of UAH 100 million, which will be the 12th such series in the overall bond issuance program.
As noted in the SMIDA information disclosure system, the issuer is again a subsidiary of NovaPay, NovaPay Credit LLC, and the decision was approved by the general meeting of participants on July 16.
According to the announcement, the bonds are planned to be placed among an unspecified group of persons through a public offering, without the involvement of an underwriter, with a nominal value of UAH 1,000.
The company notes that there are currently 10 series of bonds in circulation – from “A” to ‘J’, each with a total nominal value of UAH 100 million, with the exception of series “I”, whose total nominal value is UAH 90 million. It is stated that the total nominal value of NovaPay Credit LLC securities in circulation at the time of the decision is 506.7% of the company’s authorized capital.
The funds raised are planned to be used for lending operations to individuals and legal entities – 80% and 20%, respectively.
NovaPay was founded in 2001 as an international financial service provider, part of the Nova Group (“Nova Poshta”), providing online and offline financial services at Nova Poshta branches. According to the website, the company employs about 13,000 people in more than 3,600 Nova Poshta branches throughout Ukraine. According to the National Bank of Ukraine, the company accounts for about 35% of the total volume of domestic money transfers.
NovaPay was the first non-bank financial institution in Ukraine to receive an extended license from the NBU in 2023, which allowed it to open accounts and issue cards, and was also the first non-bank to launch its own financial app with a wide range of financial services at the end of last year.
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 for UAH 100 million. Also this year, a decision was made to issue bonds of series “K” for UAH 100 million. Securities of all series, except for ‘B’ and “I,” are used for the REPO program 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.
On June 24, NovaPay International Financial Service (NovaPay TM) launches a public offering of the 10th series of bonds – Series J – with a total nominal amount of UAH 100 million of its subsidiary NovaPay Credit LLC, which will be used by the issuer in its bond repurchase program, which is an alternative to deposits.
As reported on the company’s website, the public offer of series B, G and H bonds is simultaneously withdrawn.
According to the information, the rates under the repurchase agreements are as follows: 10% p.a. for one month (28 days), 12% for 2 months (63 days), 14.5% for 3 months, 16.5% for 4 months, 17.5% for 6 and 9 months, and 18% for 12 months.
The bonds were issued for a term of three years with interest income payable at the end of the maturity period, and the nominal interest rate was increased to 18% per annum from 17% per annum in the previous series.
Univer Capital LLC was appointed as the administrator of the J series bonds, as well as the previous ones.
“The funds raised as a result of the bond issue through a public offering are planned to be used in the following areas: credit operations for legal entities – 20% of the actual funds raised; credit operations for individuals – 80% of the actual funds raised,” the prospectus said earlier.
As reported, in 2023, NovaPay made three public issues of interest-bearing bonds of series A, B, and C for UAH 100 million each, and last year issued six more series of bonds – D, E, F, G, H, and I. In particular, in October-December 2024, three series of bonds – “G”, “H” and “I” – were placed for a total amount of UAH 290 million, which increased the total amount of the company’s securities in circulation to UAH 890 million.
Securities of all series, except for “B” and “I”, are used for the repurchase program and are available for purchase in the NovaPay mobile application, while “B” and “I” bonds are offered for sale to institutional clients, with interest income paid quarterly.
According to the prospectuses, the last three series of bonds have a three-year maturity. The nominal interest rate on them is 17% per annum, while for the three previous issues it was 18%.
NovaPay, which promotes most of its bonds as an alternative to bank deposits through a one- to 12-month repurchase scheme. Since April 17, the company has slightly raised interest rates on them: now they range from 10% per month to 19% per year, and a new investment term of four months at a rate of 17.5% per annum has been added.
NovaPay is an international financial service founded in 2001. It is part of the Nova group and provides online and offline financial services at Nova Poshta offices. It was the first non-bank financial institution in Ukraine to receive an expanded NBU license in 2023, which allowed it to open accounts and issue cards, and the first non-bank to launch its own financial application at the end of last year.
According to the previously published 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 generate UAH 518.9 million and UAH 1 billion 30.6 million in net profit, respectively.
Last year, the company’s net profit increased to UAH 89.2 million from UAH 40.3 million a year earlier, while revenue grew to UAH 285.6 million from UAH 95.6 million.
Yavir-Invest LLC (Berdychiv, Yavoriv district, Lviv region), a member of the Kormil agro-industrial group that processes soybeans, is issuing its debut bonds.
According to the National Securities and Stock Market Commission (NSSMC), it registered the issue of A and B series bonds of Yavir-Invest at its meeting on Tuesday.
According to the regulator’s website, these are private issues, and there is no information on their parameters.
According to Kormil’s website, Yavir-Invest processes 100 thousand tons of soybeans annually, producing more than 80 thousand tons of high-protein Herbal Soya and 15 thousand tons of soybean oil.
Kormil Group was founded in 2006 as an importer of Agrolife Feed, which later set up its own production. It also includes the Agrolife Transservice poultry farm with a capacity of up to 5 million broilers per year, a plant for the production of premixes, concentrates and mixed fodder, and Danylo Halytskyi LLC, which grows agricultural products on 4,000 hectares. The group employs over 400 people.
According to YouControl, Yavir-Invest’s revenue in the first half of this year decreased by 2.3% to UAH 303.38 million, and net profit by 3.4% to UAH 4.18 million. As of the middle of this year, the company’s authorized capital amounted to UAH 2.01 million, and its equity capital was UAH 60.08 million.
The company’s beneficiary is Ihor Patsula from Yavoriv.
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.
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