"The issuance of corporate bonds is an important step in raising funds in the capital markets. We are becoming more open and transparent to potential investors. This product will contribute to the development of Ukraine's securities market, as there is currently no similar product available. Its uniqueness lies in the fact that the issuance is secured by commercial real estate owned by the Novus Ukraine group of companies, significantly minimizing risks for potential investors," said Nina Orlovska, Deputy CEO of Novus Ukraine, in the press release.
According to the announcement, the company will issue bonds with a nominal value of UAH 1,000, with a maturity of three years and the option for annual buyback. The bonds offer a 15% annual yield, with the interest rate subject to revision after a year.
Additionally, the bonds are secured by commercial real estate in Kyiv, with an area of over 10,000 square meters.
The investment group Univer is the underwriter of the issue, and the law firm Integrities serves as the mortgage holder and administrator.
Novus Ukraine LLC was established in 2008, with the first Novus supermarket opening the same year. As of September 2024, the retailer operates more than 80 Novus stores and 22 Mi Market locations across Ukraine.
The Novus supermarket chain is being developed by BT Invest (Lithuania), founded in 2008 by former shareholders of the Sandora company, Raimondas Tumėnas and the late Ihor Bezzub.
According to Opendatabot, Novus Ukraine is wholly owned by Consul Trade House (Vilnius, Lithuania). The ultimate beneficiaries are listed as Marina Pozniakova, Agne Ruzgiene, and Raimondas Tumėnas.
