MYKOLAIV, JULY 31st, 2012, CONTEXT-PRICHERNOMORIE ― The European Bank for Reconstruction and Development has decided to allocate a loan of USD 130 mln to Nibulon, Mykolaiv, Context-Prichernomorie correspondent reports.

The press service of the company informed today, 31 July.

According to their information, the European Bank for Reconstruction and Development (EBRD) will allocate a syndicated loan of USD 130 mln to the company. An appropriate decision was made by the Board of Directors of the EBRD on July 24.

The total cost of the project is USD 447.8 mln. Within the scope of the given project the EBRD will be an organizer of a syndicated loan attraction in a number of commercial banks.

As it was reported earlier the funds will be directed to restructuring for the purpose of constant financing of floating capital of the company and also financing of a need in floating capital connected with trading.

We remind that in 2010 the EBRD gave a loan of USD 50 mln to “NIBULON” to finance project of the agricultural infrastructure development.