KYIV. Aug 21 (Interfax-Ukraine) – The European Bank for Reconstruction and Development (EBRD) is organizing a syndicated financing facility of $130 million to Nibulon (Mykolaiv), one of the largest Ukrainian producers and exporters of grains and oilseeds.
“The new facility will consist of an A loan of up to $45 million for the EBRD’s own account and a B loan of up to $90 million, which will be syndicated to commercial banks,” the bank said on Friday.
EBRD Principal Adviser for External Affairs Anton Usov told Interfax-Ukraine that the bank has signed all the documents required, although the syndicate is being organized by other institutions.
The EBRD said that the facility would help secure the company’s seasonal needs for working capital to carry out trade transactions.
The bank said that it has been successfully working with Nibulon since 2010. It has organized the financing of almost $200 million under various projects for the company.
The EBRD is the largest international financial investor in Ukraine. As of July 1, 2015, the bank had a total cumulative commitment of EUR 11 billion in 345 projects in the country.
Nibulon was created in 1991. It is one of the largest operators in the grain market. The company has a total silo capacity of more than 1.7 million tonnes, as well as its own transshipment terminal in Mykolaiv.
