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.
Corporate bonds of NovaPay, a non-bank financial institution that is part of the Nova Group, have been purchased by about 2,000 Ukrainians for UAH 365.5 million through the company’s app in the four months since their placement, the company’s press service said on Thursday.
“Under the agreements that have already expired, customers have already been paid UAH 255.1 million. Most often, clients prefer medium-term bonds. 56% of clients invest in bonds repeatedly,” CFO Igor Prikhodko said in a release on Thursday.
As reported, on February 20, NovaPay announced the start of bond sales. It was noted that they can be purchased for a period of 1 to 12 months for the amount of UAH 1000. The interest rate for investments for one, two and three months was 16% per annum, six months – 17% per annum and 12 months – 18% per annum. The issuer stated that it intends to actively use the bonds in repurchase agreements for a period of one month to one year, creating a convenient alternative to deposits, and to launch their secondary market.
According to NovaPay’s latest release, 75% of bond investors are men, 25% are women, the average age is 37, and the oldest investor was 75. The average check for transactions through the app is UAH 41 thousand.
Currently, the investment rate for a month has been reduced to 13% per annum, for 2 months – to 14%, for 3 months – to 16%, for 6 and 12 months – to 16.5% per annum.
In 2023, NovaPay registered three public issues of interest-bearing bonds of series A, B, and C for UAH 100 million each. In 2024, the company issued three more issues of such securities – series D, E and F. The rating agency Standard-Rating assigned them a credit rating of uaAA.
Founded in 2001, NovaPay is an international financial service that is part of the Nova group and provides online and offline financial services at Nova Poshta offices. According to its website, the company employs about 13 thousand people in more than 3.6 thousand Nova Poshta offices across Ukraine. According to the National Bank of Ukraine, the company accounts for 35% of the total volume of domestic money transfers.
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 E series bonds with a total nominal value of UAH 1 billion.
According to a report by the National Securities and Stock Market Commission (NSSMC), the company registered the report on the results of the issue on July 4, while the issue was initially registered on April 26 this year.
On May 21, the State Oschadbank (Kyiv) announced that it had entered into an agreement with Nova Poshta to purchase 15-month series E bonds worth UAH 650 million. It was clarified that this is the third deal since 2019 to finance Nova Poshta by the state-owned bank through the purchase of corporate bonds.
“Thanks to the financing raised, Nova Poshta has the opportunity to actively invest in the development and improvement of operational processes, quickly recover from the shelling of infrastructure, and our customers can continue to receive quality service,” Serhiy Yermolenko, Director of the Corporate Finance Department of the NOVA Group, was quoted as saying.
As reported, on April 26, the NSSMC also registered a UAH 1 billion issue of F series bonds on April 26, but there is no information on the results of this issue yet.
According to the 2023 report, the public offering of E series bonds started on February 19 this year, F series – on March 19, and their maturity dates are February 18 and March 18, 2027, respectively.
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. interest rate, while the D series bonds were issued for a 20-month term with a 23% p.a. interest rate.
Earlier, in February 2023, Nova Poshta redeemed the UAH 700 million of Series B bonds issued in March 2020.
In 2023, the consolidated net income of “Nova Poshta” LLC amounted to UAH 43.65 billion, which is 53.3% more than in 2022, and the consolidated net profit reached UAH 4.28 billion, which is 31.1% better than in 2022.
According to its unconsolidated financial statements, in 2023, Nova Poshta LLC increased its net profit by 85.7% to UAH 3 billion 967.2 million, while its revenue increased by 54% to UAH 36.47 billion.
