In 2021 BSTDB continued to support Trans-Oil Group to expand its activity in Moldova and Romania. The Bank participated with USD 22.25 million in the second issue of Eurobonds of the Group and continues to extend pre-export financing (PXF) for another USD 25 million for the agricultural years up until 2023. The proceeds of the PXF loan are used to finance the Group’s seasonal working capital needs associated with origination, primary processing, storage, and transportation of agricultural commodities sourced in Moldova and their subsequent export to other countries.

Trans-Oil Group, established in 1996, is a market leader in the origination and trading of grains and oilseeds in the Black Sea region. The company has developed into a group with an impressive global network of clients, specifically focusing on Europe, Southern Mediterranean, Türkiye, and North/West Africa.

The importance of this operation for BSTDB as a regional development institution, stems from its positive impact on growth, export and employment, as well as from the strategic position of the agricultural sector for Moldova. The operation is consistent with the priorities set in the BSTDB Country Strategy for Moldova, by supporting a leading private Moldovan group in expanding exports of agricultural produce. Trans-Oil Group is the first Moldovan company to issue Eurobonds, thus diversifying its financing means.