Nibulon attracts new loan

24 September 2017

One of the largest Ukrainian grains exporter borrows USD 18M from ING to further develop its operations.

The loan is to be used to finance expansion of logistics infrastructure of the company with the aim to increase Nibulon annual grains origination volume up to 7M tons.

As a reminder in MY2016/17 Nibulon exported from Ukraine 4.65M tons of grains (second-largest result in its history). The company is known by the fact that unlike international traders (such as Glencore, Cofco, Louis Dreyfus and others) it originates main part of grains in local currency (while international traders originate significant volumes on CPT-port terms in USD).

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