Translated version of this PSD: Ukrainian
The EBRD is considering provision of working capital financing to Nibulon Group (“Nibulon”). The proposed senior secured loan finance Nibulon’s working capital needs associated with agri-commodity trading operations.
The proposed project is part of EBRD’s Ukrainian Corporate Support Programme and Private Sector for Food Security Initiative.
The main impact from the project relates to the provision of necessary working capital to one of the major grain sourcing companies in Ukraine during times of local liquidity constraints in the country. In addition, the project is intended to safeguard transition impact from the existing operation of the EBRD with Nibulon Group in Ukraine which promotes development of grain storage infrastructure, facilitate market expansion and enhance the Bank’s policy dialogue in primary agriculture / trading section in Ukraine.
Nibulon Group is one of the leading vertically integrated agricultural commodity trader and agricultural producers in Ukraine.
Up to US$ 26 million senior secured revolving loan.
Up to US$ 400 million : the financing needs of the project fluctuate based on the seasonal trading activities of Nibulon.
The Project has been categorised B in accordance with the EBRD Environmental and Social Policy.
The Environmental and Social Due Diligence (ESDD) completed in 2012 concluded that Nibulon has HR and OHS Departments with staff responsible for HR and OHS issues at the Group's production sites. All OHS documentation (including procedures and instructions) required by local legislation is developed and available at all production sites. A three-stage OHS compliance monitoring system is in place and OHS training is performed on a regular basis. Emergency response plans are developed for hazardous facilities.
Assessment of high risk dust explosion potential was undertaken by independent consultants in March 2011 and resulted in some recommendations that will be further implemented by the Company. The Nibulon Group has adequate corporate systems in place to manage their environmental, health and safety (EHS) issues at both the corporate and site level. The Group 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 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.
Nibulon has demonstrated commitment to the Environmental and Social Action Plan (ESAP) and since the beginning of the Project the Group has implemented all required measures by the ESAP in timely and diligent way. Nibulon 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.
Acting Head of Financial Department
Nibulon Agricultural LLC
1 Kabotazhny Spusk,
Mykolayiv 54002, Ukraine
Tel: (0512) 76-62-52
For business opportunities or procurement, contact the client company.
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Tel: +44 20 7338 7168
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