Featured Galleries USUBC COLLECTION OF OVER 160 HISTORIC NEWS PHOTOGRAPHS HOLODOMOR: THROUGH THE EYES OF UKRAINIAN ARTISTS USUBC COLLECTION OF HISTORIC IHOR SIKORSKY PHOTOGRAPHS - INVENTOR OF THE HELICOPTER Ten USUBC Historic Full Page Ads in the Kyiv Post USUBC meeting with the New Ukrainian Ambassador to the US Volodymyr Yelchenko in Washington
EBRD RENEWS US$ 130 MILLION SYNDICATED FACILITY FOR NIBULON
EBRD, Kyiv,Ukraine, Tue, August 19 , 2014
U.S.-UkraineBusiness Council (USUBC), Wash, D.C.,
Tue, August 19, 2014
The European Bank forReconstruction and Development (EBRD) has organised a new syndicated facilityworth US$ 130 million for Nibulon, (http://www.nibulon.com/Ukraine’s)leading grain trader for the ongoing crop harvesting and marketing season. Thefacility will replace the syndicated loan of US$ 125 million signed in 2012,which expired in June 2014.
The new facility will consist of an A loan of up to US$ 30 million for theEBRD’s own account and a B loan of up to US$ 100 million, which will besyndicated to commercial banks. Several banks, including ING and ABN Amro, havealready committed their participation, which demonstrates growing confidence ofinternational financiers in Ukraine’s agribusiness.
The transaction will help the Bank’s long-standing client Nibulon addressworking capital needs associated with crop origination, primary processing,transport and storage in the current environment of reduced availability ofexternal funding in Ukraine.
The EBRD is the largest financial investor in Ukraine. As of the end of July2014, the Bank had committed €9.2 billion (US$ 12.3 billion) through 329projects in the country.
NOTE: EBRD is owned by 64 countries and twointergovernmental institutions, is supporting the development of marketeconomies and democracies, www.EBRD.com.
USUBC NOTE: Nibulon, one of Ukraine's largest agriculturaland agribusiness companies, http://www.nibulon.com/, isa member of the U.S.-Ukraine Business Council (USUBC), Washington, D.C., www.USUBC.org.