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EBRD provides US$ 25 million for grain trader Nibulon

By Anton Usov

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The European Bank for Reconstruction and Development (EBRD) continues supporting its key corporate clients by offering them working capital loans under the €150 million Ukrainian Corporate Support Facility approved in spring of 2014.

The latest project under this framework facility will provide a loan of US$ 25 million to Ukraine’s leading grain producer, logistic operator and exporter Nibulon. The loan will allow Nibulon to secure sufficient financing to support its operations at the time when availability of external funding to businesses is significantly reduced. This deal follows a syndicated facility of US$ 130 million to Nibulon successfully organised by the EBRD earlier this year.

The Bank is continuing to pledge more resources to support the agribusiness sector, a key growth driver of the Ukrainian economy. Since the beginning of the year the Bank has already committed over € 283 million to 135 agribusiness projects.

The EBRD is the largest financial investor in Ukraine. As of November 2014 the Bank had committed €9.9 billion (US$ 12.4 billion) through 339 projects in the country.

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