The international financial service “NovaPay” (TM NovaPay) is raising interest rates on corporate bonds to 18.75% per annum, effective November 2, depending on the investment term, according to a company press release issued on Monday.
“For those who have already purchased bonds, nothing changes: income will be calculated at the rate in effect at the time of purchase. For new investors, the updated rates are available—up to 18.75% per annum, depending on the investment term,” noted László Udut, NovaPay’s head of treasury, in the press release.
The company explained that the rate adjustment was made in light of changes in the financial market and the National Bank of Ukraine’s increase in the discount rate. Specifically, in July, the NBU raised the discount rate to 15.5%, in September to 16% per annum, and in October to 16.5%.
It is expected that rates on the financial service’s corporate bonds with terms ranging from 3 to 12 months will increase by 0.5–1 percentage points. At the same time, the largest increase of 1 percentage point applies to 6- and 9-month investments, while rates for 1- and 2-month terms will remain unchanged.
NovaPay added that, depending on the investment term, the updated rates will be as follows: 1 month—12% per annum, 2 months – 14% per annum, 3 months – 16% per annum, 4 months – 17.75% per annum, while 6 months, 9 months, and 12 months will yield 18.5% per annum.
According to the company’s data, as of October 2026, more than 8,500 customers had purchased corporate bonds, and total sales exceeded 5.1 billion UAH.
NovaPay was founded in 2001 as an international financial service provider, part of the Nova Group (“Nova Poshta”), and offers financial services both online and offline at “Nova Poshta” branches. In 2023, the company became the first non-bank financial institution in Ukraine to receive an expanded license from the NBU, which allowed it to open accounts and issue cards.
According to the National Bank of Ukraine, the company accounts for approximately 22.7% of the total volume of domestic money transfers.
As previously reported, NovaPay registered and began selling its 16th issue of Series “P” corporate bonds with a face value of 200 million UAH.
The energy shock caused by the U.S.-Iran war is likely to last longer than previously anticipated and extend beyond the oil sector, said Isabel Schnabel, a member of the Executive Board of the European Central Bank (ECB).
“At first, one might have assumed this was a short-term phenomenon, but, unfortunately, we have had to conclude that it is much more persistent,” Schnabel said at an event in Salsomaggiore Terme, Italy, on Thursday. “We’re not just talking about oil, but also diesel and natural gas.”
Her remarks reflect the ECB leadership’s ongoing concern about the consequences of the Middle East conflict, which has already caused inflation in the region to accelerate to a level significantly above the 2% target.
The year-over-year rate of consumer price inflation in the eurozone reached 3.2% in August, and analysts do not rule out it rising to 4% later this year, according to Bloomberg.
Expectations for further tightening of the ECB’s monetary policy have recently increased, with traders factoring in the likelihood of four interest rate hikes of 25 basis points (bp) by the regulator by the end of 2027.
“We’ve raised interest rates twice this year—first in June, then again in September—because we’re concerned about inflation. That’s why we had to act,” Schnabel said on Thursday.
The ECB raised all three key interest rates by 25 bps at its September meeting; the deposit rate now stands at 2.5% per annum.
