By KYIV. Dec 5 (Interfax-Ukraine) – NovaPay Credit LLC, which this year placed its debut and two more public issues of interest-bearing bonds with a nominal volume of UAH 100 million each, will carry out three more public issues of interest-bearing bonds of series D, E and F with the same nominal volume.
As stated in the company’s message in the disclosure system of the National Securities and Stock Market Commission, this decision was made by the meeting of participants of the company, in which 100% belongs to NovaPay LLC (NovaPay), on Tuesday.
It is indicated that the par value of one bond will be, as in previous issues, UAH 1,000, while there are no other conditions.
“The funds raised as a result of the issue of bonds through a public offering are planned to be used in the following areas: for carrying out credit operations for legal entities – 20%; for carrying out credit operations for individuals – 80%,” the planned distribution of funds is repeated in the message, as in the three previous issues.
At the end of October, NovaPay agreed on the attraction by its subsidiary NovaPay Credit of credit lines from the banks Pivdenny and Credit Dnipro with limits of UAH 200 million and UAH 150 million, respectively. In the case of Pivdenny Bank, we are talking about a contract term of up to three years and a rate of up to 30% per annum, while from Credit Dnipro Bank – for a year at 20% per annum.
