News
29.04.2010
Ukrainian Agrarian Farms Ltd. to get loan from EBRD
The European Bank for Reconstruction and Development (EBRD) is considering a USD 20 million loan to Ukrainian Agrarian Farms Limited to service the seasonal working capital requirements of the approximately 70 Ukrainian farms that this company owns and operates, the EBRD's office in Kyiv has told UKRINFORM.
The client is Ukrainian Farm Funding Limited, a Cyprus registered limited liability company that is used as a financial holding company for the Ukrainian farming operations.
The total annual working capital needs of Ukrainian Agrarian Farms, according to the EBRD, are estimated at USD 70 million.
The bank's loan will enable land that would otherwise be left fallow to be planted and harvested. It will also enable the farms to implement an ambitious program of restituting land that has fallen out of cultivation, implement mini-till (conservation) farming practices that reduce emissions whilst maximizing production and acquire modern farming machinery to replace the obsolete machinery that is still prevalent in Ukraine.
UKRINFORM
