EBRD guarantees UKRSIBBANK loan for Astarta Agropromholding
UKRSIBBANK BNP Paribas Group provide USD 8 million loan to Astarta agro-industrial holding. For its part, the European Bank for Reconstruction and Development, under an agreement with the bank, guaranteed 60% of the loan risk, as part of its efforts aimed at strengthening food security in Ukraine. EBRD’s share of risk for the multi-currency working capital loan is USD 4.8 million.
The purpose of the loan is to replenish the working capital of the agro-industrial holding, including the financing of expenses related to economic and agricultural activities for the production, storage and transportation of sugar, including the expenses for growing, harvesting and transporting sugar beet.