18:17 24.11.2014

EBRD to issue $25 mln to Nibulon

2 min read
EBRD to issue $25 mln to Nibulon

The European Bank for Reconstruction and Development (EBRD) will provide a loan of $25 million to Nibulon, Ukraine's leading grain producer, logistics operator and exporter, reads a posting on the bank's website.

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 $130 million to Nibulon successfully organized 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 EUR283 million to 135 agribusiness projects.

The EBRD is the largest financial investor in Ukraine. As of November 2014 the bank had committed EUR9.9 billion ($12.4 billion) through 339 projects in the country.

Nibulon was created in 1991. It is one of the largest operators on the grain market. The company has silos with a total capacity of more than 1.7 million tonnes, as well as its own transshipment terminal in Mykolaiv.

In the 2013/2014 marketing year (July-June) Nibulon remained the leader in exports of grains and oilseeds with the figure exceeding 4.5 million tonnes.

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