EBRD grants USD 84 mln to Noble for Ukraine, Turkey

The board of the European Bank for Reconstruction and Development yesterday approved the extension of USD 84 mln in financing to Noble Group for agribusiness projects in Ukraine and Turkey, EBRD’s Ukraine representative Anton Usov said yesterday (via Interfax). The EBRD financing will consist of a USD 60 mln working capital facility for Ukraine and Turkey and a USD 24 mln long-term loan for capital expenditures in Ukraine, according to the project description on the EBRD website. Noble’s Ukrainian subsidiary, Noble Resources Ukraine LLC, is involved in trading agricultural commodities, originating grains and oilseeds in Ukraine for sale globally.