By KYIV. Dec 1 (Interfax-Ukraine) – NovaPay LLC at the end of October allowed its 100% subsidiary NovaPay Credit LLC to attract credit lines from the banks Pivdenny and Credit Dnipro with limits of UAH 200 million and UAH 150 million, respectively.
As NovaPay Credit reported in the information disclosure system of the National Securities and Stock Market Commission, in the case of Pivdenny Bank we are talking about an agreement 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.
It is clarified that the purpose of raising funds from Credit Dnipro Bank is to replenish working capital. At the same time, NovaPay turned to Nova Poshta LLC with a request to provide financial guarantee for these obligations of NovaPay Credit.
