BSTDB Supports Agricultural Production and Export in Ukraine

BSTDB Supports Agricultural Production and Export in Ukraine

BSTDB Supports Agricultural Production and Export in Ukraine

The FINANCIAL -- The Black Sea Trade and Development Bank (BSTDB) contributed USD 20 million to a syndicated pre-export finance facility granted to Kernel Group, a leading player in the Ukrainian agricultural market and one of the world’s largest exporters of sunflower oil.

The USD 350 million one-year facility will be drawn to finance Kernel’s sunflower seed purchases, storage and processing into sunflower oil and meal to be sold on the export market, according to BSTDB.

The facility was provided by a group of international commercial banks, with ING Bank N.V. and UniCredit Bank Austria AG acting as coordinating lead arrangers and book runners.