EBRD adds Ukraine agribusiness loan portfolio

The CEE-focused development financier is adding to the debt facility it established with Nibulon, a large Ukrainian grain producer, earlier this year.

The European Bank for Reconstruction and Development (EBRD) is loaning a further $25 million to Ukraine grain producer Nibulon, in its continued efforts to support Ukraine’s agribusiness industries.

The new loan is in addition to the EBRD’s $130m debt facility which it established with the company in August this year.

The investment comes after a renewed pledge by the EBRD to support Ukraine’s agribusiness industry as the country weathers pressures stemming from the crisis in the East of the country.

Nibulon has also experienced fresh confidence in its ability to survive the economic difficulties with a credit line of up to $40 million being agreed with BNP Paribas last week.