In February, NovaPay Credit LLC made a public offering of two issues of interest-bearing bonds of series “D” and “E” with a nominal amount of UAH 100 million each through the PFTS stock exchange.
“100,000 D series interest-bearing bonds with a nominal value of UAH 1,000 with a maturity date of January 19, 2027 and an interest rate of 18% per annum were placed on the PFTS. Also, 100 thousand interest-bearing bonds of series “E” with a nominal value of UAH 1,000 with a maturity date of February 19, 2027 and an interest rate of 18% per annum were placed on the PFTS,” the exchange said.
According to information on the PFTS website, the public offerings were formalized by only two transactions for the entire volume of issues: series D – on February 16, series E – on February 27. Both times the sale price was equal to the face value.
Last year, NovaPay Credit registered with the NSSMC three public issues of interest-bearing bonds of series A, B and C for UAH 100 million each. Series “C” has a maturity of two years instead of three years in the previous two issues and coupon payment on a quarterly basis, while in the issues “A” and “B” interest payment is provided at the end of the circulation.
The interest rate of the “C” series bonds 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 with the right of the holders to submit the bonds for mandatory redemption.
In addition, along with the D and E series issues, NovaPay Credit registered a F series issue with the same nominal amount of UAH 100 million at the end of last year. The bonds of these three series have a maturity of three years and pay a single coupon at 18% per annum at maturity. The public offering of the F series will be held from March 19, 2024 to March 18, 2025 through the PFTS exchange.
“NovaPay Credit has already announced that it intends to actively use the bonds issued in repurchase agreements for terms from one month to one year, which are concluded through the NovaPay mobile application, creating a convenient alternative to bank deposits.
The company completed the first nine months of 2023 with a net profit of UAH 29.88 million, while the same period in 2022 resulted in a net loss of UAH 4.97 million. Its revenue tripled to UAH 58.02 million. The loan portfolio amounted to UAH 278 million as of September 30.
It was noted that the company is present in more than 3.6 thousand financial service points.
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.
