EBRD loans USD 27 mln to NIBULON

The European Bank for Reconstruction and Development (EBRD) loaned USD 27 mln to NIBULON.

The loan will support Nibulon Group's liquidity for trading operations and help it withstand the COVID19-caused crisis. The operation will ensure that Nibulon remains committed to developing river transport networks and increasing inland grain procurement in new rural areas which were part of previous operations between the bank and Nibulon Group, the report reads.

It is noted that the operation will help ensure that Nibulon group preserves its ability to meet the transition impacts that were expected to be achieved as part of the previous transactions approved in 2017 and 2018.

As a reminder, in early June, the company finalized the construction works and commissioned on June 12 the river transshipment terminal of Zelenodolska branch in Marianske village (Apostolove district, Dnipropetrovsk region).