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Galnaftogaz development capex program

Ukraine | Consumer Discretionary

Identification Code:: OP/17/0024
Total Operation Cost:: 80.000.000 USD
Maturity:: 84 months
Operation Status:: BSTDB Approved Amount – Approval Date

20.000.000 USD – 17 Nov 2017
: BSTDB Signed Amount – Signed Date

20.000.000 USD – 26 Mar 2018
: Status:
Completed
Description and Purpose of the Operation:: The operation aims to provide USD 20 million long-term debt facility to Public Joint Stock Company "Concern Galnaftogaz" to finance the Company's capital expenditure program in Ukraine, particularly an expansion of its gas filling stations network and associated working capital requirements.
Countries of Operation:: Ukraine (100,00%)
Financial Product:: Loans
Sector:: Consumer Discretionary
Domain:: Private
Borrower/Client:: PJSC "Concern Galnaftogaz", a public joint stock company established pursuant to the laws of Ukraine, and/or its parent, GNG Retail Public Limited.
Co-Financers/Participants:: N/A
Guarantors/Sponsors:: N/A
Developmental and Regional Cooperation Impact:: The Project is expected to have economic benefits for the Ukrainian economy, the most relevant being the tax revenue gains, new job creation and potential downstream linkages with suppliers from other countries in the Black Sea region.
Environmental Classification and Impact:: E&S category B+. GNG is an existing Borrower and its E&S performance over the years has been assessed as excellent. GNG had implemented comprehensive actions aimed at further improving its E&S management system, pollution prevention and abatement, and upgrading its fuel storage facilities. The ESAP agreed under the previous operations is implemented according to the schedule. For the purpose of this operation no other E&S terms and conditions are sought necessary in addition to the ones stipulated in the existing loan agreement
Operation Leader:: Energy & Infrastructure
E-mail:: ei@bstdb.org