Financed ProjectsKernel Group

Identification Code:

OP/19/0052

Total Operation Cost:

400.000.000

Maturity:

24 months

Operation Status:

Description and Purpose of the Operation:

The PXF Facility is be used to finance the Group’s sunflower seeds’ purchases, their storage period and their processing period until the seeds have been processed into the commodities and exported.

Countries of Operation:

Ukraine (100,00 %)

Financial Product:

Trade Finance

Sector:

Consumer Staples

Domain:

Private

Borrower/Client:

Inerco Trade SA, Switzerland, a Kernel Group company

Co-Financiers/Participants:

A syndicate of banks led by the Coordinating Mandated Lead Arrangers: ING Bank NV and UniCredit Bank Austria AG.

Guarantors/Sponsors:

Kernel Holding SA, Luxembourg

Developmental and Regional Cooperation Impact:

The Operation will increase export potential of Ukraine, including growth of agricultural commodity trading within BSTDB area and beyond.

Environmental Classification and Impact (summary):

Screened B+, has the potential to generate medium to high E&S risks and impacts that may propagate beyond the site boundaries, but which are largely reversible and can be addressed through relevant mitigation measures.

Operation Leader:

General Industries, Transport, Tourism 1

E-mail:

gitt1@bstdb.org