The European Bank for Reconstruction and Development (EBRD) could provide a syndicated loan of $130 million to Nibulon (Mykolaiv), one of the largest Ukrainian producers and exporters of grains and oilseeds.

According to a report on the bank's website, the EBRD board plans to discuss the issue on June 24.

The financing would help secure the company’s seasonal needs for working capital to carry out trade transactions.

As reported, the EBRD organized a syndicated loan of $130 million to Nibulon in August 2014. This loan replaced the previous syndicate of $125 million, which was signed in 2012 and expired in June 2014.

The new financing package consists of an A loan of up to $30 million, which will be provided by the EBRD, and a B loan of up to $100 million, which will be provided by commercial banks under the terms of a syndicate.

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