The bonds will be issued through its subsidiary, NovaPay Credit LLC, which disclosed the plan in a filing to Ukraine’s National Securities and Stock Market Commission. The decision was approved by the company’s general meeting of participants on March 5.
Each bond in Series J will have a face value of UAH 1,000. Further details on the terms of the issuance have not yet been disclosed.
According to the filing, 20% of the proceeds from the offering will be used to finance loans to legal entities, while the remaining 80% will support consumer lending.
In 2023, NovaPay carried out three public placements of interest-bearing bonds (Series A, B, and C), each totaling UAH 100 million. It followed up in 2024 with six more series (D through I), bringing the company’s total outstanding bond volume to UAH 890 million by year-end. With the addition of Series J, that figure will reach UAH 990 million.
NovaPay promotes many of its bond offerings as alternatives to traditional bank deposits, often sold under REPO agreements with maturities ranging from 1 to 12 months and yields of up to 18% per annum.
Founded in 2001, NovaPay provides a wide range of online and offline financial services through Nova Poshta branches. According to the company’s website, NovaPay employs around 13,000 people across a network of more than 3,500 branches throughout Ukraine.
