NovaPay issued UAH 100M in debut open bonds.
NovaPay Credit, part of the non-banking financial group NovaPay, registered a public issue of three-year series A bonds for UAH 100M ($2.73M). The securities can be purchased in terms ranging from 1 to 18 months, and the rate of return will depend on the term, reaching 20%. The securities interest rate will be paid to the client’s bank account, as well as payment of interest on deposits.
Funds from the placement of bonds will be directed to the development of NovaPay’s business and its credit products. The company noted they were the first in the Ukrainian capital market during the war to issue corporate bonds with a public offer.
NovaPay bonds are already in circulation on the secondary market. In the fall, Ukrainians can buy bonds through the NovaPay mobile application and at the Nova Poshta branch.