Financed ProjectsNovopecherska School

Identification Code:

OP/19/0057

Total Operation Cost:

20.000.000

Maturity:

108 months

Operation Status:

Description and Purpose of the Operation:

Long-term corporate loan for the purposes of financing costs related to the construction of a new building for Novopecherska School.

Countries of Operation:

Ukraine (100,00 %)

Financial Product:

Loans

Sector:

Consumer Discretionary

Domain:

Private

Borrower/Client:

LLC "EC Novopecherska School", Ukraine

Co-Financiers/Participants:

N/A

Guarantors/Sponsors:

UPD Holdings Limited Vassil Khmelnitskiy

Developmental and Regional Cooperation Impact:

The Bank’s financing will support development of the Ukrainian education to meet growing requirements of the country and to focus on preparing students for the future.

Environmental Classification and Impact (summary):

Environmental and Social (E&S) Category B. The Operation during the construction stage is likely to generate limited negative E&S impacts, which however will be site specific and temporary. At the operation stage the school will generate net positive social impacts as it will increase access to quality modern education, which is a significant developmental impact.

Operation Leader:

General Industries, Transport, Tourism 1

E-mail:

gitt1@bstdb.org