Project description
and objectives:
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The proposed project is an up to USD 200 million long-term secured, syndicated
corporate loan to the client. Proceeds of the loan could be used to finance
selected investments aimed at improving the company’s competitiveness as well
as extend its current debt portfolio and are still subject to finalisation.
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Transition impact:
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Transition impact potential is expected to be good and to derive from backward
linkages as well as enhanced competition in the market.
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The client:
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Yug Rossii LLC (the “Company” or “Yug Rusi”), the holding company of the
leading Russian edible oil market player and agricultural commodities trader.
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EBRD finance:
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Up to USD 200m long-term secured corporate loan to Yug Rusi and selected
subsidiaries of the Company on a joint and several basis. The loan will
comprise of a:
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A loan of USD100 million for the account of the Bank; and
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B loan of USD100 million for the account of a leading international bank
mandated to co-arrange and underwrite the B Loan.
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Total project cost:
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USD 367 million.
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Environmental impact:
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Screened C/1.
An independent consultant has been engaged by the Client to conduct an
environmental review of the Company’s operations as per terms of reference
prepared by the Bank. The conclusions of the Phase 1 of the review -
Environmental, Health and Safety Audit have been shared with ED on a draft
basis and are being finalised. The environmental, health and safety assessment
of the Project itself is yet to be completed. It is proposed that, by Final
Review, the consultant has completed environment, health and safety due
diligence, submitted a draft Final Report including an environmental action
plan with estimated costs and implementation schedule. The Client shall
release a brief summary of the project, including expected impacts and
required mitigation measures, locally to affected stakeholders prior to Final
Review.
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Technical
cooperation:
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None.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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Nelly Subbotina, CFO:
Tel.: +7 (8632) 950097
E-mail: subbotina@yugrusi.rt.ru
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EBRD contact:
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Natalie Zhukova, Operation Leader: zhukovan@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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