According to Ukraine’s public disclosure platform SMIDA, the issuer of the new bonds is once again the company’s subsidiary, NovaPay Credit LLC. The decision to issue was approved at the shareholders' general meeting on July 16. The bonds will be offered publicly to an unlimited number of investors without an underwriter. Each bond has a nominal value of UAH 1,000.
Currently, 10 bond series (A–J) are in circulation, each valued at UAH 100 million, except for Series “I”, which totals UAH 90 million. The total nominal value of bonds in circulation at the time of the decision exceeds 506% of the issuer’s charter capital.
Proceeds from the new issuance are earmarked for lending activities, with 80% allocated to individuals and 20% to legal entities. NovaPay is part of the Nova Poshta group and has been providing financial services both online and offline since 2001. The company operates across more than 3,600 locations in Ukraine and employs approximately 13,000 people. According to the National Bank of Ukraine, NovaPay holds a 35% market share in domestic money transfers.
In 2023, NovaPay became the first non-banking financial institution in Ukraine to receive an expanded license from the NBU, allowing it to open accounts, issue payment cards, and launch a multifunctional mobile app. That same year, the company issued its first bond series (A–C), followed by six additional series (D–I), and then Series J and K in 2024.
All series, except B and I, are available for purchase through the NovaPay mobile app and are used in repo transactions as deposit alternatives. Series B and I are targeted at institutional investors and offer quarterly coupon payments.
The most recent bond series have a 3-year maturity with an annual interest rate of 17%, compared to 18% for earlier series. According to the bond prospectus, NovaPay Credit LLC projects its interest income to grow to UAH 802.1 million in 2025 and UAH 1.5 billion in 2026, while net profit is expected to reach UAH 518.9 million and UAH 1.03 billion, respectively. In 2024, the company reported strong performance, with net profit rising to UAH 89.2 million from UAH 40.3 million the previous year and revenue increasing to UAH 285.6 million.
