Translated version of this PSD: Ukrainian
A syndicated loan facility to Nibulon Group ("Nibulon").
The facility will be used for financing of working capital needs associated with trading operations.
The proposed project is expected to have a substantial demonstration effect on the market,and is expected to enhance the Bank’s policy dialogue in the country, demonstrate new processes and facilitate market expansion.
Nibulon Group is one of the leading vertically integrated agricultural commodity trader and agricultural producers in Ukraine.
Up to USD 130 million syndicated loan facility.
Approximately USD 447.8 million.
The Project has been categorised B in accordance with the EBRD Environmental and Social Policy 2008. Environmental and social due diligence (ESDD) has been undertaken by the Bank’s Environment and Sustainability Department based on a review of Nibulon’s corporate management systems and relevant information provided by Nibulon as well as a site visit and discussions with the Company’s personnel.
The Bank's environmental and social due diligence confirmed that Nibulon has adequate corporate systems in place to manage their environmental, health and safety (EHS) issues and that at both the corporate and site level Nibulon is substantially compliant with local EHS regulatory requirements. All sites have dedicated EHS and hygiene engineers and a HR manager. Nibulon has an advanced supply chain management system adhered to the international standards and undertakes regular audits of the suppliers, hence contributing to the establishing of the high quality standard in the industry and improving the suppliers’ quality performance.
An Environmental and Social Action Plan (ESAP) has been developed, and should be agreed with Nibulon, to address the necessary mitigation measures and improvements which will allow Nibulon to achieve compliance with national regulations and the Bank’s PRs. Specifically, the ESAP requires Nibulon to improve fire safety performance at the operational sites.
The Bank will monitor Nibulon’s environmental and social performance and implementation of the ESAP through annual ES reports.
Chief Financial Officer Nibulon Agricultural
LLC 1 Kabotazhny Spusk
T: +38 0512-48-94-14 E: Mikhailyuk@nibulon.com.ua
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
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