Ukrainian Corporate Support Facility

Location:

Ukraine

Project number:

46416

Business sector:

Manufacturing and Services

Notice type:

Private

Environmental category:

IESE

Approval date:

08 Apr 2014

Status:

Approved

PSD disclosed:

28 Mar 2014

Sub-projects signed under this framework

Translated version of this PSD: Ukrainian

Project Description

The EBRD is considering a facility of up to €150 million to support existing corporate clients of the Bank at a time of economic and political volatility in Ukraine.

Transition Impact

The transition impact of sub-projects under this facility will come from reinforcing achievements of earlier transaction(s) with EBRD clients and assisting them in the further implementation of agreed transition objectives. The Bank’s financing will help clients to overcome difficulties and constraints caused by the financial crisis and the reduced availability of external funding. Each project will have an individual transition rating.

The Client

The facility will serve existing EBRD clients with operations in Ukraine. Targeted clients should be fundamentally sound and provide over positive medium-term prospects. Clients are expected to be able to re-establish sufficient financing through commercial banks as soon as the situation in the country improves.

EBRD Finance

Debt financing. Wherever possible, co-financing from local banks or international financial institutions will be sought.

Project Cost

EUR 150 million.

Environmental Impact

The facility itself is not categorised. The facility is for existing clients of the Bank only. Their operations have already been categorised, environmental and social due diligence has been undertaken as required and any necessary action plans have been agreed. Given this, no further due diligence on the proposed pipeline should be required. However, the Environmental and Social Action Plans (ESAP) are at various stages of implementation and the Environment and Sustainability Department (ESD) will need to review each project and confirm that each proposed client is complying with the conditionality agreed prior to the provision of any additional financing under this facility. Where necessary, ESD may need to update ESAPs and agree new conditionality to ensure that clients are complying with the Bank’s performance requirements in the timeframe agreed.

Technical Cooperation

None for the framework in general. TC funds may be sought for certain sub-projects.

 

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

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

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