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US$ 30 million loan for Ukraine agri holding Astarta
- EBRD provides Ukraine agri holding Astarta with US$ 30 million finance package
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The package consists of a US$ 21 million loan from the EBRD and a US$ 9 million sustainability-linked loan funded by the Clean Technology Fund (CTF).
Astarta plans to use the finance for modernisation and energy efficiency improvements at existing production facilities, introduction of climate smart agricultural practices to increase business resilience, decreasing production and energy costs while increasing productivity and operational efficiency, and securing sufficient working capital financing to sustain its operations at pre-war levels.
This is the first transaction in Ukraine supported by the EBRD High Climate Impact programme for the Corporate Sector, funded by the Clean Technology Fund. The loan features an innovative blended finance structure whereby the pricing is linked to the achievement of climate change-related targets.
Technical cooperation support for legal due diligence has been provided by the Japan-EBRD Technical Cooperation Fund.