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Financed ProjectsKernel Group PxF 2021, Ukraine

Identification Code:
OP/20/0049
Total Operation Cost:
300.000.000
Maturity:
32 months
Operation Status:
BSTDB Approved Amount
30.000.000 USD
Approval Date
18 Feb 2021
BSTDB Signed Amount
12.000.000 USD
Signed Date
08 Mar 2021
Status:
Active
Description and Purpose of the Operation:
BSTDB participates in an USD 300 million Syndicated Secured Finance Facility ("PXF Facility") extended to Kernel Group, Ukraine. The PXF Facility will be used to finance the Groupós Ukrainian sunflower seedsó 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:
Kernel Group is a leading vertically integrated Ukrainian agribusiness player with domestic and international operations. The Group's primary activities are the procurement and processing of sunflower seeds, marketing of sunflower oil and its by-products and grain on international markets. All the Group's manufacturing facilities are based in Ukraine.
Co-Financiers/Participants:
ING Bank NV (Lead Arranger), Credit Agricole, Rabobank, IIG Bank Malta.
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
As of 30 Sep 2021