The European Bank for Reconstruction and Development (EBRD) has signed an agreement on extending a syndicated loan of $90 million to Nibulon, EBRD Senior Advisor Anton Usov said on his Facebook page.

"Investments will be used to finance trade and export activities and involve two stages of lending: $19 million will be provided directly by the EBRD, and $71 million will be syndicated through commercial partner banks. The deal continues successful cooperation between Nibulon and the EBRD started in 2010," he wrote.

As reported, in August 2015 the EBRD arranged syndicated loan financing in the amount of $130 million for Nibulon and issued up to $45 million for it.

The organization noted the financing would consist of an A loan of up to $45 million, which will be provided by the EBRD, and a B loan of up to $90 million, which will be provided by foreign commercial banks on a syndicated basis.

Nibulon LLC was established in 1991. It is one of the largest operators in the grain market of the country. It has elevators with a total capacity of about 2 million tonnes, as well as its own transshipment terminal with a capacity of 5 million tonnes in Mykolaiv.