On September 16, the leasing company ULF-Finance LLC, part of Sergey Tigipko’s TAS Group, began a public offering of five-year bonds of series F1 and E1 with a total nominal value of UAH 150 million and UAH 250 million, respectively, on the PFTS stock exchange.
“The financial resources raised from the placement of bonds are planned to be used in full (100%) to finance an increase in the volume of financial leasing services,” the prospectuses note.
According to the prospectuses, coupon income on F1 series bonds is paid upon redemption at a rate of 20% per annum, while E1 series bonds provide for an annual offer and quarterly interest payments, with a nominal yield of 19% per annum in the first year of circulation.
The nominal value of each issue is UAH 1,000, and the placement period is until August 23 of the following year. There is no information about transactions concluded on the exchange yet.
According to the prospectuses, before entering the market with new issues, the company placed 611,917 thousand bonds of series A, B, C, D, E, F, G, H, I, J, K, M, N, O, P, Q, R, S, T, U, V, W, X, Y, A1, B1, C1, D1.
The ULF-Finance website states that the company has been operating since 2011 and has been part of the TAS Group since 2017, whose members also include TAScombank and Universal Bank. ULF-Finance provides financial, operational, and reverse leasing services for transport, special equipment, and machinery. Among its clients, the company, which is represented in 17 cities, mentions Ukrzaliznytsia and Nova Poshta.
ULF-Finance’s revenue in the first half of 2025 grew by 46.9% to UAH 260.40 million, while net profit decreased by 33.6% to UAH 37.62 million.
In its prospectus, the company forecasts an increase in revenue this year to UAH 838.84 million and next year to UAH 1,095.11 million, with net profit growing to UAH 113.76 million and UAH 186.70 million, respectively.
