TAS Neil LLC (Khmelnytsky), a manufacturer of nails and various fasteners from the TAS Group of Sergey Tigipko, has issued B series bonds for a total nominal value of $0.5 million.
The National Securities and Stock Market Commission (NSSMC), which registered the report on the results of the issue on March 3, toldInterfax-Ukraine that the placement was closed, with the face value of one bond at $1,000.
The bonds have a maturity of October 22, 2026, and no information on the yield is available.
According to the NSSMC database, in early August last year, it registered two issues of TAS Neil bonds – series A and B for $0.5 million each. The report on the results of the Series A issue was registered on November 28 last year.
“TAS Nail (formerly Nail) was founded in 1994 as a nail manufacturer. In addition to traditional construction, carpentry and roofing nails, the company produces special types of nails – in coils and loose nails used in the production of wooden containers and pallets, as well as self-tapping screws, screws, confirmations, bolts, nuts, washers, threaded rods, anchors, drills, etc.
TAS Group announced its intention to acquire Neil in early 2022.
According to the YouControl system, in 2024, TAS Neil increased its revenue by 9.3% to UAH 362.86 million, but its loss increased 5 times to UAH 46.78 million.
International financial service NovaPay (TM NovaPay) plans to publicly place 10 series – J – bonds issued by its subsidiary NovaPay Credit LLC with a total nominal amount of UAH 100 million, which will bring the company’s bonds in circulation to UAH 990 million.
As the issuer reported in the National Securities and Stock Market Commission’s (NSSMC) disclosure system, the relevant decision was made by the general meeting of the company’s shareholders on March 5.
The face value of the bonds is UAH 1 thousand, and there is no information on other terms of the J series.
“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 announcement traditionally states.
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. G and H series securities of UAH 100 million each are available for purchase via the NovaPay mobile application, while I series bonds of UAH 90 million are offered for sale to institutional clients.
On Thursday, the company reported that about 4.3 thousand Ukrainians have purchased NovaPay bonds totaling about UAH 1.2 billion, while at the beginning of the year it reported more than 3 thousand customers and UAH 740 million, and in mid-October 2024 – 2.6 thousand customers and UAH 600 million.
According to the prospectuses, the bonds of the last three series were issued for three years. The nominal interest rate on these bonds is 17% per annum, while for the previous three series it was 18%. The interest income on the G and H series bonds is scheduled to be paid at the end of the maturity period, while the I series bonds are to be paid quarterly, and the interest rate is currently set for the first year of circulation.
NovaPay, which promotes most of its bonds as an alternative to bank deposits through a one- to 12-month repurchase scheme, declares interest rates of up to 18% per annum.
According to the Standard Rating agency, the value of NovaPay Credit’s loan portfolio in the first nine months of 2024 increased by 53.4% to UAH 639.11 million, the number of loan agreements doubled to 90.41 thousand, the share of loans overdue for more than 90 days increased from 0.86% to 3.57%, and the effective interest rate on the loan portfolio increased from 44.69% to 58.55%.
The company’s revenue from sales in January-September 2024 increased by 2.9 times to UAH 170 million, net profit – by 84.9% to UAH 55.3 million, and equity – by 20.9% to UAH 319.1 million.
NovaPay is an international financial service founded in 2001. It is part of the Nova group and provides financial services online and offline at Nova Poshta offices. According to its website, the company employs about 13,000 people in more than 3,500 Nova Poshta offices across Ukraine.
According to the National Bank of Ukraine, the company accounts for about 35% of the total volume of domestic money transfers.
Leasing company Eska Capital LLC is issuing UAH 130 million of three-year F series bonds without a public offering.
The National Securities and Stock Market Commission of Ukraine approved the issue on November 19 this year, according to its website.
There is no information on other parameters of the issue.
According to the register of the National Securities and Stock Market Commission (NSSMC), this is the sixth issue of bonds by Eska Capital: In 2018, the debut issue of UAH 30 million bonds was registered with maturity in February 2022, in 2020 – issues of series “B” and “C” of UAH 50 million each with maturity in November 2023 and February 2024, in 2021 – issue of series “D” for UAH 100 million with maturity in June 2026 and in 2023 – issue of series “E” for UAH 60 million with maturity in November 2026.
Since 2008, Eska Capital LLC has been providing international leasing services for new and used cars, trucks and commercial vehicles, as well as agricultural machinery, trailers and semi-trailers, and tractors from Europe, Asia and the United States.
Currently, Oleksandr Honcharuk is listed as the sole owner of the company, while previously its beneficiaries with equal shares of 50% were Sergiy Vaskov and Anton Dyadyura.
“ESKA Capital, according to its presentation, had a leasing portfolio of UAH 410 million as of the middle of this year, with trucks accounting for 54%, agricultural machinery for 19%, passenger cars and LCVs for 18%, and special equipment for 9%.
In 2023, the company increased its revenue by 36.1% to UAH 514.49 million and net profit by 3.3 times to UAH 28.49 million, but these figures are still lower than before the war – UAH 560.48 million and UAH 41.50 million, respectively.
The industrial and technical company Agromat LLC, which placed a public issue of three-year H series bonds for UAH 100 million in early October, will start placing a similar I series issue for another UAH 100 million on November 19.
“The funds to be raised from the public offering will be used by the issuer to expand its retail network,” the prospectus says.
According to the prospectus, the nominal interest rate on the bonds with three-month coupons is set at 16.35% p.a. for the first year of circulation, and 3-months for the next two years. UIRD +5.45 p.p. (Ukrainian index of rates on deposits of individuals UIRD3-month +5.45 percentage points (p.p.).
The bonds with a nominal value of UAH thousand will be placed at par through the PFTS exchange, the investment firm is state-owned Ukrgasbank. The maturity date is from November 16 to 18, 2027.
The nominal interest rate of the previous issue of series H, registered by the National Securities and Stock Market Commission on September 6 this year, was set at 16.5% per annum in the first year of circulation. The bonds were placed between September 30 and October 2, and are scheduled to mature on September 27-29, 2027.
Almost simultaneously, on September 25, 2024, Agromat started to redeem UAH 100 million of G series bonds issued in 2021, which allowed the NSSMC to cancel the registration of this issue on October 24.
“Agromat is engaged in the production and sale of ceramic tiles and sanitary ware, registered in 1993. The issuer operates in 25 outlets, including 10 in Kyiv, including a specialized shopping center for the sale of ceramic tiles and sanitary ware with a total area of more than 8,000 square meters.
According to the prospectus, the company’s co-owners with 28.65% each are CEO Serhiy Voitenko, Oksana Reva and Anatoliy Taday, with another 10.05% owned by Olga Bashota and 4% by Nadiya Rusheliuk.
The company’s revenue grew by 13.5% to UAH 1 billion 506.74 million in the first half of this year, while net profit decreased by 2.8 times to UAH 15.62 million.
According to the prospectus, this year Agromat would like to increase its net income to UAH 3 billion 263.07 million, and next year – to UAH 3 billion 552.53 million, and net profit – to UAH 124.32 million and UAH 135 million, respectively, with assets of about UAH 2.64 billion and EBITDA of UAH 297 million.
The company’s main long-term lender at 9% and 17% is Kredobank, with UAH 98 million as of mid-year, and another UAH 3.3 million was due to ProCredit Bank at 17%.
While the short-term loan portfolio totaling UAH 544 million includes loans from six banks at rates of 14.8% to 16.5%, compared to 18.5-19.5% at the beginning of the year: Raiffeisen – UAH 199 million, ProCredit – UAH 106 million, OTP – UAH 86 million, Credit Agricole – UAH 73 million, FUIB – UAH 45 million and Pivdenny – UAH 35 million.
TAS Dneprovagonmash, a large car-building company controlled by Serhiy Tigipko’s TAS Financial and Industrial Group, has fully placed an issue of interest-bearing unsecured corporate bonds of the E series with a total nominal value of $1 million.
According to the National Securities and Stock Market Commission (NSSMC), the company registered the report on the results of the issue on November 5.
According to the report on the results of the issue, the bonds were placed from September 2 to October 4 (instead of the planned completion date of October 28).
It is noted that the bonds were not purchased by members of the supervisory board, executive body and employees of the issuer.
The amount raised was $1004110.
As reported, the issue of five-year corporate bonds of TAS Dneprovagonmash, series E (without a public offer) was registered by the NSSMC on August 7, 2024.
TAScombank acted as the underwriter.
The raised financial resources are planned to be used for technical re-equipment and capacity development to implement the company’s project to enter the European market.
The bonds will be in circulation from August 8, 2024 to August 26, 2029 with quarterly coupon payments. The maturity date is September 29, 2029.
The interest rate in the first year of circulation is set at 6% per annum, in the remaining years it will be set by the decision of the company’s management, taking into account market conditions, but it cannot be lower than 1% and higher than 15% per annum.
Industrial and technical company Agromat has announced the issue of three-year bonds of the H series for the amount of UAH 100 million for public offering, and has started to redeem the previous issue.
According to the information disclosure system of the National Securities and Stock Market Commission, the H series issue was registered on September 6. The nominal value of the bond is UAH 1 thousand. The interest period is 91 days, the interest rate on the bonds for the first to fourth interest period is 16.5% per annum.
The start date of the public offering is September 30, 2024, and the bonds are scheduled to mature on September 27-29, 2027.
According to the company, 100% of the funds raised will be used to expand Agromat’s retail network.
In addition, on September 25, 2024, Agromat began to redeem UAH 100 million of series G bonds issued in 2021.
“Agromat is engaged in the production and sale of ceramic tiles and sanitary ware, and was registered in 1993. The company has 32 stores in Ukraine.
According to Opendatabot, the company’s co-owners with 28.65% each are Sergiy Voitenko, Oksana Reva, and Anatoliy Taday, 10.05% belongs to Olga Bashota, and 4% to Nadiya Rusheliuk.
According to the company’s financial results for 2023, its revenue increased by 45.5% to UAH 3.12 billion, while net profit increased by 63.7% to UAH 115.3 million.
