"The firm has an impressive deal list in its repertoire"
PLC Which Lawyer?

News & Events

16 June 2017

Asters advises International Finance Corporation on up to USD 100 million financing to Nibulon


Asters Law Firm acted as a Ukrainian law counsel to International Finance Corporation (IFC), a member of the World Bank Group, in connection with up to USD 100 million loan to Nibulon, one of the largest Ukrainian grain and oilseeds originators and exporters.

IFC will provide up to USD 60 million for its own account in debt financing, and mobilize approximately USD 40 million in debt from other lenders. The financing will be used for modernization and expansion of Nibulon’s port transshipment terminals and also to refinance short-term debt.

Asters' banking and finance team advising on the project consisted of partner Iryna Pokanay, counsel Gabriel Aslanian and associate Inna Bondarenko.

* * *

IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with more than 2,000 businesses worldwide, IFC uses its capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. In FY16, IFC delivered a record $19 billion in long-term financing for developing countries, leveraging the power of the private sector to help end poverty and boost shared prosperity.

Nibulon is one of the largest Ukrainian grain and oilseeds originators and exporters. The company farms 82,000 hectares of land, operates second largest network of inland silos and river terminals and a modern seaport terminal, located in Mykolaiv, in the Black Sea region of Ukraine. Nibulon mainly exports corn, wheat and barley to more than 20 global destinations.

Banking and finance are the areas of Asters' core expertise. The Firm and its partners are noted as the best practitioners in Ukraine in this field by international peer review-based ratings such as IFLR1000, Legal 500, Chambers Global, Chambers Europe, etc. Asters' clients in the banking industry include international and local banks and financial institutions, trading and finance companies, as well as lenders, issuers, and borrowers in diverse banking and finance transactions.



News Archive

Browse by

Practice Areas:
Industry Sectors:
Search

News Archive

 

Subscribe for News