Financed ProjectsOliva Bulgaria Trade Finance Facility

Identification Code:

OP/19/0064

Total Operation Cost:

90.000.000

Maturity:

12 months

Operation Status:

Description and Purpose of the Operation:

Financing the working capital requirements related to the trade activities and operating cycle by the Group

Countries of Operation:

Bulgaria (100,00 %)

Financial Product:

Loans

Sector:

Consumer Staples

Domain:

Private

Borrower/Client:

Oliva Bulgaria

Co-Financiers/Participants:

BNP Paribas (Lead Arranger) and other bank/s

Guarantors/Sponsors:

N/A

Developmental and Regional Cooperation Impact:

The operation has the potential to have some regional cooperation impact, given that the facility is for the facilitation of exports from Bulgaria. Given that some BSTDB member countries are important trade partners of Bulgaria, the facility will might have positive impact on regional cooperation. However, the company is also competing with other producers in the region, and its expansion of the capacity might lead to negative consequences for other member countries.

Environmental Classification and Impact (summary):

The Operation has been categorized B in accordance with the BSTDB’s Environmental and Social (E&S) screening criteria whereby impacts are likely to be site specific, readily identifiable and addressed through relevant mitigation measures.

Operation Leader:

General Industries, Transport, Tourism 2

E-mail:

gitt2@bstdb.org