There’s a figure that perfectly illustrates the changes in the Ukrainian financial market: 1.5 billion hryvnias. That’s 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: an instrument that until recently was associated with professional investors and stockbrokers is gradually becoming part of Ukrainians’ everyday financial decisions,” noted Ihor Prykhodko, CFO of 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 appeared in 2023, and in total, the company has already issued 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 ranging from 1 to 12 months, and the maximum yield on certain issues reaches 18% per annum.
Currently, over 7,000 investors have purchased NovaPay corporate bonds. The company is directing the raised funds toward the development of its financial business—specifically, the scaling of payment services and credit programs.
The reliability of the bonds directly depends on the issuer’s financial stability. According to the rating agency Standard-Rating, the bond issuer and the company’s securities have a credit rating of uaAA, which indicates very high creditworthiness compared to other Ukrainian debt instruments.
* Bond issuer – NovaPay Credit LLC.
