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Trans-Oil

Moldova, Romania | Consumer Staples

Identification Code:: OP/18/0015
Total Operation Cost:: 250.000.000 USD
Maturity:: 60 months
Operation Status:: BSTDB Approved Amount – Approval Date

30.000.000 USD – 18 May 2018
: BSTDB Signed Amount – Signed Date

22.250.000 USD – 22 Jun 2018
: Status:
Completed
Description and Purpose of the Operation:: Subscription of senior, unsecured corporate bonds of Aragvi Finance International DAC (the "Issuer"), part of Trans-Oil Group.
Countries of Operation:: Moldova (95,00%), Romania (5,00%)
Financial Product:: Loans
Sector:: Consumer Staples
Domain:: Private
Borrower/Client:: Aragvi Finance International DAC
Co-Financers/Participants:: —
Guarantors/Sponsors:: All material subsidiaries of the Trans-Oil Group, including Aragvi Holding International Ltd, Cyprus, ( The "arent"Company).
Developmental and Regional Cooperation Impact:: Financing exporting companies is one of the targets of the Country Strategy 2015-2018 Moldova as it may help improve competitiveness and content of value added in exports. The Bank aims to promote import and export activities in the region, support increased production, increase competitiveness of exporters, create employment, help service foreign debt and increase regional trade and co-operation. This is the first corporate bond issue by a Moldovan entity. It would be an important transaction as the BSTDB participation would assist in diversifying the funding sources of this client, and will promote the Group and Member State within the international investor community.
Environmental Classification and Impact:: Acquiring of bonds issued by Trans-Oil Group has been screened as environmental and social (E&S) category B. The operation is not likely to be associated with significant issues, and the existing risks and impacts are generally limited, site specific, and can be readily addressed through prevention and mitigation measures widely applied in the agribusiness sector
Operation Leader:: General Industries, Transport, Tourism 1
E-mail:: gitt1@bstdb.org