Credit institution NovaPay Credit LLC, a member of the non-banking financial group NovaPay, has registered with the National Securities and Stock Market Commission (NSSMC) an issue of interest-bearing C series bonds for UAH 100 million.
According to the prospectus, this bond issue has a maturity of two years instead of three years in the previous two issues, and coupon payments are made quarterly, while in issues “A” and “B” interest payments are made at the end of the circulation.
The interest rate is set at 20% per annum, as in the previous series, but only for the first year of circulation, while for the second year it will be additionally determined, but not higher than twice the discount rate, and announced by September 4, 2024.
The prospectus provides for the possibility of presenting the bonds for redemption from September 14 to 19, 2024 at par.
As in the two previous series, 100 thousand bonds with a par value of UAH 1000 are being issued.
It is noted that 20% of the funds raised are planned to be used for lending to legal entities, and 80% – to individuals.
The start date of the public offering is September 22, 2023, and the end date is September 21, 2024.
The company indicates that it will not use the services of an underwriter and will place the bonds through the PFTS stock exchange.
As reported, earlier this year, NovaPay Credit placed two issues of three-year bonds for UAH 100 million each.
In the first quarter of 2023, NovaPay Credit increased its authorized capital by UAH 120 million to UAH 175 million. NovaPay LLC remained the owner of the company with a 100% stake, and the beneficiaries are the owners of the Nova Poshta group of companies Vyacheslav Klimov and Volodymyr Popereshnyuk.
The company ended the first half of 2023 with a net profit of UAH 17.34 million, while in the same period of 2022 it posted a net loss of UAH 6.04 million. Its revenue increased 2.9 times to UAH 31.75 million.
Credit institution NovaPay Credit LLC, a member of the non-banking financial group NovaPay, has fully placed the second issue of interest-bearing bonds – series “B” – for UAH 100 mln, according to the data on the website of the PFTS stock exchange.
According to them, the placement began on July 27, and on July 28, the exchange recorded a deal on the sale of all 100 thousand bonds at a price of UAH 999.45, which corresponds to a yield of 20.02% per annum.
As it was reported, the company made a decision to issue series “B” bonds on June 15, and on July 18 the issue and the bond prospectus were registered by the National Commission for Securities and Stock Market of Ukraine,
As in the debut issue of series “A”, the second issue is public, circulation term – three years, nominal interest rate – 20% per annum with payment at the end of the circulation term.
More detailed information about the results of the placement is not available yet, but the company called the placement of the debut issue through the stock exchange technical, stating that it plans to organize a subsequent active secondary public offering without attracting an underwriter.
The prospectus states that 20% of the raised funds are planned to be used for lending to legal entities, and 80% – to individuals.
As reported, NovaPay Credit in the second quarter placed the debut issue of three-year bonds for UAH 100 mln. The bonds were issued with one coupon, which is paid simultaneously with maturity – from April 14 to April 20, 2026, nominal yield – 20% per annum.
According to forecasts in the prospectus, the company plans to receive UAH 27.06 mln of net profit in 2023, UAH 242.23 mln in 2024, and UAH 411.66 mln in 2025.
In addition, at the end of June, the company decided to issue a third bond – series “C” – also for UAH 100 mln.
As indicated in the prospectus, last year the company’s revenue decreased by 40.6% to UAH 29.89 mln, largely due to the credit vacations introduced at the beginning of the war, and the net loss amounted to UAH 2.15 mln against net profit of UAH 24.40 mln a year earlier.
In Q12023 “NovaPay Credit” increased its authorized capital by UAH 120 mln – up to UAH 175 mln. The owner of the company with a 100% stake remains NovaPay LLC, and the beneficiaries are owners of Nova Posta group of companies Vyacheslav Klimov and Volodymyr Popereshnyuk.
In January-March 2023, the company increased its net profit by 56.9% to UAH 7.28 mln compared to the same period last year, while its revenue grew by 68.7% to UAH 12.7 mln.
Credit institution NovaPay Credit LLC, a member of the non-banking financial group NovaPay, has decided to carry out the second issue of interest-bearing bonds – series “B” – for UAH 100 million.
According to the company’s message, the corresponding decision was made by the shareholders’ meeting on June 26 this year.
“NovaPay Credit” specifies that, as well as the debut issue of bonds of series “A”, the second issue will be public, and the company plans to place it independently.
It is specified that 20% of raised funds are planned to be directed to crediting of legal entities, 80% – individuals.
Information on other parameters of the issue is not yet available.
As reported, NovaPay Credit placed the debut issue of three-year bonds for UAH 100 mln in the second quarter. The bonds are issued with one coupon, which is paid simultaneously with maturity – from April 14 to April 20, 2026. The nominal yield is 20% per annum.
According to forecasts in the prospectus, the company plans to receive UAH 27.06 mln of net profit in 2023, UAH 242.23 mln in 2024, and UAH 411.66 mln in 2025.
As indicated in the prospectus, in 2022 the company’s revenue decreased by 40.6% to UAH 29.89 mln, largely due to the credit vacations introduced at the beginning of the war, and the net loss amounted to UAH 2.15 mln against a net profit of UAH 24.40 mln a year earlier.
In Q12023, NovaPay Credit increased its authorized capital by UAH 120 mln – up to UAH 175 mln.
The owner of the company with a 100% stake remains NovaPay LLC, and the beneficiaries are owners of Nova Posta group of companies Vyacheslav Klimov and Volodymyr Popereshnyuk.
The company increased its net profit by 56.9% to UAH 7.28 mln in January-March 2023 compared to the same period in 2022, while its revenue grew by 68.7% to UAH 12.7 mln.
The National Securities and Stock Market Commission of Ukraine on 25 May registered the issue of DTEK Pavlogradugol’s M-series unsecured interest bonds with a nominal value of UAH 10bn.
The state register of bond issues specifies that in the case of DTEK Pavlogradugol the par value of one bond is UAH 100 thousand.
Previously, DTEK Pavlogradugol issued bonds in August 2016: 25 issues of different series with a face value of UAH 1 million and 2 bonds in each, but in May 2018 the certificate of all issues was invalid.
No other data on DTEK Pavlogradugol’s new issue is available yet.
The National Securities and Stock Market Commission of Ukraine on May 30 registered the report on the results of issue of interest-bearing unsecured bonds of Nova Posta LLC of Series D with the total nominal value of UAH 800 mln without making a public offering.
According to Standard-Rating, which assigned uaAA credit rating to Nova Posta D-series bonds, they were issued with maturity from 27 to 31 January 2025 with quarterly interest payments and nominal rate of 23% per annum.
It is indicated that 29% of the funds raised will be used to support the issuer’s operating facilities, 25% to create safe spaces for the issuer’s employees and 46% to invest in BDF containers, container ships and plastic parcel containers.
As reported, in February this year, Nova Posta redeemed UAH 700 million worth of Series B bonds issued in March 2020.
The circulation term of the bond series “C” – until January 12, 2024, the nominal interest rate on it – 24% per annum.
According to “Standard-Rating”, the revenue of “New Post” in the first quarter of 2023 rose by 2.1 times or 113.2% to 8 billion 83.1 million UAH, EBITDA – almost 4.4 times to 1 billion 307.8 million UAH and net profit – almost 8 times to 1 billion 54.91 million UAH.
The NovaPay payment system from Nova Posta group will start a public offering of its debut issue of three-year bonds worth UAH 100mn on April 14.
According to the prospectus, the bonds are issued with one coupon to be paid simultaneously with maturity – from April 14 to April 20, 2026, with nominal yield of 20% per annum.
NovaPay will independently place the bonds on the PFTS stock exchange; the planned sale price is at par, but it can be revised upwards depending on demand.
The issuer does not offer a mandatory offer, but allows early redemption by agreement of the parties at an agreed upon cost between them.
