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.
Novus Ukraine LLC, which operates the Novus supermarket chain, has made its debut issue of corporate bonds totaling UAH 400 million, secured by its own real estate in Kyiv, the company’s press service reports.
“The issue of corporate bonds is an important step towards raising funds in the stock markets. We are becoming more open and public for potential investors. This product will contribute to the development of Ukraine’s securities market, as it has no analogues at present. The issue is unique in that it is secured by the commercial real estate of Novus Ukraine Group, which significantly minimizes the risks for potential investors,” Nina Orlovska, Deputy CEO of Novus Ukraine, said in a press release.
According to the report, the company will issue bonds with a nominal value of one thousand UAH maturing within three years with an annual redemption option. The yield is 15% per annum, and the interest rate can be revised within a year.
In addition, the bonds are secured by commercial real estate in Kyiv with an area of more than 10 thousand square meters.
Univer Investment Group is the underwriter of the issue, and Integrities Law Firm is the mortgagee and administrator.
Novus Ukraine LLC was established in 2008 and opened the first Novus supermarket in the country the same year. As of September 2024, the retailer’s network includes more than 80 Novus and 22 Mi Markets in Ukraine.
The Novus supermarket chain is developed by BT Invest (Lithuania), a company established in 2008 by former Sandora shareholders Raimondas Tumenas and the late Igor Bezzub.
According to Opendatabot, the owner of Novus Ukraine with a 100% share in the authorized capital was CJSC Consul Trade House (Vilnius, Lithuania). The ultimate beneficiaries are Marina Poznyakova, Agne Ruzgienė, and Raimondas Tumenas.
According to the company’s financial results, in 2023, its revenue increased by 47% to UAH 23.6 billion, while its net loss decreased by 87% to UAH 310.7 million.
TAS Dneprovagonmash LLC (TAS DVM, Kamianske, Dnipro region), controlled by Serhiy Tigipko’s TAS Financial and Industrial Group, registered a $1 million corporate bond issue with the National Securities and Stock Market Commission (NSSMC) on August 7.
According to the prospectus, the company is issuing 1,000 bonds with a face value of $1,000. The bonds will have a five-year maturity, from August 8, 2024, to August 26, 2029, with quarterly coupon payments.
The interest rate in the first year of circulation is set at 6% per annum, in other years of circulation 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.
Early redemption of the bonds at the request of their holders is not provided, as well as early redemption of the entire issue by the company on its own initiative.
The maturity of the bonds is from August 27 to September 29, 2029.
As reported, the decision to place registered interest-bearing ordinary corporate bonds of the E series was made by the company’s supervisory board on May 28.
TAScombank will act as the underwriter.
The raised financial resources are planned to be used for technical re-equipment and capacity development to implement the project of the company’s entry into the European market.
As reported, in July 2020, Dneprovagonmash placed five-year bonds of series A-D totaling UAH 200 million (UAH 50 million of each series) as part of the decision to issue corporate bonds by TAS Group companies for a total of UAH 1 billion 885 million and EUR 3 million.
At the beginning of 2023, TAS Group became a strategic investor in the TransAnt GmbH railcar building joint venture of Austrian Voestalpine and ÖBB Rail Cargo with a 40% stake, and in the spring of this year it became the majority owner of TransAnt, increasing its stake to 61%.
As part of the project, the plant initially shipped lightweight modular freight cars (MultiBOX) for use on EU railways, and then platform cars.
Last week, the company announced on its website that 1500 different railcars had been accepted by an international company,
“The project is aimed at restoring logistics supply chains and ensuring the sustainability of exports of Ukrainian products (agro-, metallurgical, chemical, processing, etc.) and is designed for more than one year of operation,” the statement said.
First of all, grain carriers with a body volume of 126 cubic meters and a tare weight of 22.5 tons will be produced, which allows transporting 71.5 tons of grain per car.
It is noted that currently all components of the car are manufactured in Ukraine, while until 2022, the components were imported. In particular, TAS Dneprovagonmash has mastered the production and certified the absorbing apparatus of one class, and certification and testing of two more classes is in the final stages.
The company did not provide Interfax-Ukraine with information on the duration of the project or the buyer, noting that details would be announced later.
This year, the company plans to invest UAH 100.2 million in the development of the European direction (purchase of equipment).
“TAS Dneprovagonmash ended January-June 2024 with a net profit of UAH 18.85 million, which is three times less than in the same period of 2023, with revenue up 37.8% to UAH 796.47 million.
The company produced 317 freight cars in the first half of the year.
