NovaPay registers 3rd bond issue for institutional investors worth UAH 100 mln
International financial service NovaPay (TM NovaPay) has registered a Series K bond issue totaling UAH 100 million, maturing on August 6, 2028 – its third issue for institutional investors, the company said in a press release Thursday.
According to the statement, the bonds will again be issued by NovaPay's subsidiary, NovaPay Credit LLC. Interest will be paid quarterly, with a nominal annual yield of 18%.
The company noted it had already sold Series C and I bonds to institutional investors for UAH 190 million.
Previously, between 2023 and 2024, NovaPay carried out nine bond placements. In 2025, it issued its 10th series and has already announced the 12th – Series L – also totaling UAH 100 million. However, all bonds except three series are used in a repo program as an alternative to bank deposits and are available for purchase via the NovaPay mobile app.
Founded in 2001, NovaPay is an international financial service within the Nova group (Nova Poshta), offering online and offline financial services at Nova Poshta branches. According to the company's website, it employs about 13,000 staff across more than 3,600 Nova Poshta locations in Ukraine. Ukraine's National Bank data show NovaPay handles around 35% of all domestic money transfers.
In 2023, NovaPay became the first nonbank financial institution in Ukraine to receive an expanded NBU license allowing it to open accounts and issue cards. Later that year, it also became the first among nonbanks to launch its own financial app offering a wide range of services.
According to the prospectus, NovaPay Credit expects to grow interest income to UAH 802.1 million this year and to UAH 1.515 billion next year, with projected net profit of UAH 518.9 million and UAH 1.0306 billion, respectively.
Last year, the company's net profit jumped to UAH 89.2 million from UAH 40.3 million a year earlier, as revenue rose to UAH 285.6 million from UAH 95.6 million.