Nibulon working Capital Syndicated Facility

Location:

Ukraine

Project number:

47410

Business sector:

Agribusiness

Notice type:

Private

Environmental category:

C

Target board date:

24 Jun 2015

Status:

Repaying

PSD disclosed:

26 May 2015

Translated version of this PSD: Ukrainian

Project Description

The EBRD is considering providing senior secured loan to finance seasonal working capital needs associated with trading operations of the company (origination in Ukraine, primary processing, storage and transportation of commodities and their subsequent sale for export).
 

Transition Impact

The proposed project is expected to have transition impact derived from market expansion through backward linkages, enhancement of the Bank’s policy dialogue in the country, setting standards of corporate governance & business conduct , demonstration of sustainable infrastructure development.
 

The Client

Nibulon Group is one of the leading vertically integrated agricultural commodity trader and agricultural producers in Ukraine.
 

EBRD Finance

Up to US$ 130 million syndicated loan facility
 

Project Cost

Approximately US$ 400 million.
 

Environmental and social categorisation, impact, and mitigation

The Project has been categorised C.  Environmental and social due diligence (ESDD) completed through previous projects with the Company concluded that it is substantially compliant with local EHS regulatory requirements. All sites have dedicated EHS and hygiene engineers and a HR manager. The Company has an advanced supply chain management system adhering to the international standards and undertakes regular audits of the suppliers, hence contributing to the establishing of high quality standards in the industry and improving the suppliers’ quality performance. All OHS documentation (including procedures and instructions) required by local legislation is developed and available at all production sites.  Emergency response plans are developed for hazardous facilities. An assessment of high risk dust explosion potential was undertaken by independent consultants in March 2011 and resulted in additional recommendations that were implemented by the Company.  The Company has demonstrated commitment to actions agreed with the Bank and the Company has implemented all required measures in the agreed ESAP in a timely and diligent way. The Company will be required to continue to provide annual environmental and social reporting to the Bank to ensure on-going compliance with the Bank’s PRs.
 
For Category A projects, this section will need to be updated on an annual basis.
 

Technical Cooperation

None.
 

Company Contact

Olga Babanina
Head of financial Department
Nibulon Ltd.
9-B, Faleevska str. Mykolaiv, Ukraine, 54030
Tel. +38 0512 76 62 52
 

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

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