More NewsStandard Bank, ING and Raiffeisen Bank Aval Arrange Loan for Grain Trading Company

Standard Bank, ING and Raiffeisen Bank Aval Arrange Loan for Grain Trading Company

Standard Bank, ING Wholesale Banking and Raiffeisen Bank Aval (mandated lead arrangers), Unicredito Ukraine (lead arranger) and Erste Bank, London branch (participant) have completed a US$100m three-year structured pre-export facility in favor of Grain Trading Company (GTC), one of Ukraine’s largest producers of crude sunflower oil. The facility is split into two US$50m facilities, the first for the refinancing of GTC’s existing bank debt and new capital expenditures, with a three-year tenor and the second for the financing of the annual working capital needs. This transaction sets a new benchmark for international financing of the primary agricultural processing sector in Ukraine, because of its longer than usual tenor and its security package which partially relies on fixed assets. GTC has continued to improve and expand its position in the Ukrainian agribusiness sector and this transaction recognises this, through the provision of long term financing to a company operating in a sector that is highly dependent on the annual cycles of the production of agricultural commodities in Ukraine and worldwide.

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

4w The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

4m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

5m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

5m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

5m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

6m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

6m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

6m Tasja Botha