Ukrainians have invested over UAH 3.5 billion in NovaPay corporate bonds

There is a figure that perfectly illustrates the changes in the Ukrainian financial market – UAH 1.5 billion. That is exactly how much Ukrainians have invested in NovaPay* corporate bonds via a mobile app. Not through brokers, not through bank branches – via a smartphone. In just a few minutes. And the total volume of investments in the company’s corporate bonds exceeded 3.5 billion hryvnias.

“This is a telling sign for the market: a tool that until recently was associated with professional investors and stockbrokers is gradually becoming part of Ukrainians’ everyday financial decisions,” noted Ihor Prykhodko, Chief Financial Officer at NovaPay.

NovaPay became the first private company in Ukraine to register corporate bonds with a public offering for investors during a full-scale war. The first issues were launched in 2023, and the company has now issued a total of 13 series of interest-bearing bonds. The total issue volume amounts to UAH 1.29 billion.

The face value of a single bond is UAH 1,000, making the instrument accessible to a wide range of investors. Users can choose an investment term of between 1 and 12 months, and the maximum yield on certain issues reaches 18% per annum.

To date, NovaPay’s corporate bonds have been purchased by over 7,000 investors. The company is channelling the funds raised into developing its financial business, specifically by scaling up payment services and credit programmes.

The reliability of the bonds depends directly on the issuer’s financial stability. According to the Standard-Rating agency, the bond issuer and the company’s securities have a credit rating of uaAA, indicating very high creditworthiness relative to other Ukrainian debt instruments.

* The bond issuer is NovaPay Credit LLC.