Financed ProjectsAgrospetsservice Group Project

Identification Code:

OP/17/0076

Total Operation Cost:

0

Maturity:

84 months

Operation Status:

Description and Purpose of the Operation:

USD 10 million secured loan to Agrospetsservice Group to finance part of the Group’s 2018-2019 corporate development program, consisting of: a) Reconstruction of Kutskova Elevator; b) Acquisition and reconstruction of Novomirgorod Elevator; c) Acquisition of farming company in Novomirgorod area and post-acquisition CAPEX, d) Additional working capital.

Countries of Operation:

Ukraine (100,00 %)

Financial Product:

Loans

Sector:

Consumer Staples

Domain:

Private

Borrower/Client:

LLC "Novomirgorodsky Sugar" (Ukraine)

Co-Financiers/Participants:

Guarantors/Sponsors:

Teovur Holdings Limited, a company and existing under the laws of Cyprus and Ventura LLC, a company and existing under the laws of Ukraine and other material entities of Agrospetsservice Group.

Developmental and Regional Cooperation Impact:

The Bank’s financing will support the development of a private Group of companies operating in such important sector of the economy of Ukraine as agribusiness. It will contribute to an increase in efficiency of operations of a Ukrainian grain producer and will allow it to expand its sales to the international markets, including BSTDB members Greece and Turkey. The Bank will provide long-term financing to a private Group of companies, the supply of which is limited in Ukraine.

Environmental Classification and Impact (summary):

The Operation has been assigned the environmental and social (E&S) Category B. Providing support for reconstruction of grain elevators, working capital, and acquiring of an existing agribusiness company by the Borrower is not likely to be associated with significant E&S issues. The existing risks and impacts are generally limited, site specific, and can be readily addressed through recognized prevention and mitigation measures widely applied in the agribusiness sector.

Operation Leader:

General Industries, Transport, Tourism 1

E-mail:

gitt1@bstdb.org