Nova Poshta LLC, the leader of express delivery in Ukraine, after the technical placement of Series C bonds for UAH 800 million on the primary market in February, placed these securities among institutional investors in March - state and commercial banks, insurance companies, pension funds.

"The placement of bonds was carried out to raise funds to finance investment projects. In particular, the expansion and renewal of the logistics infrastructure in Ukraine, as well as the development of IT infrastructure," the issuer said.

Nova Poshta emphasized that the company became the first issuer of corporate bonds in Ukraine during a full-scale war.

"The company intends to carry out an additional issue of series D bonds based on the annual financial statements for 2022." The bonds of series B for UAH 700 million issued in March 2020 were repaid on time in the first day of maturity in February of this year.

"Nova Poshta" clarified that the issuer and the "C" series bonds were assigned an investment grade credit rating on the national scale "uaAA" by the Standard-Rating agency.

According to the agency and the stock exchange, the circulation period for Series C bonds is January 12, 2024. "Standard-Rating" adds that at the end of January, the National Securities Commission registered this issue with a nominal rate of 24% per annum.

"During the four years since Novaya Poshta entered the corporate bond market, we have shown ourselves to be a reliable and risk-free investment partner," the issuer said.

The company noted that during the war, it demonstrated its resilience in extremely difficult conditions and the ability to recover after a fall, which led to high interest in securities.

"Given the low availability of bank lending, corporate bonds will continue to be an attractive tool for raising funds to finance the rapid development of Nova Poshta," the company said.

According to Standard-Rating, Nova Poshta's revenue in 2022 increased by 13.6% to UAH 23.69 billion, EBITDA by 42.5% to UAH 4.3 billion, while net profit decreased by 17.9% - up to UAH 2.14 billion.

The debut issue of Series A bonds in the amount of UAH 300 million with a maturity of 1.5 years took place in 2019. Funds from their placement were used to modernize the infrastructure and network of branches. In 2020, the company issued bonds of series "B" for a period of three years for UAH 700 million for the construction and automation of the company's logistics centers.