Asters advised EBRD on its USD 5 million loan to V.V. Kischenzi Ltd

Asters acted as a legal counsel to European Bank for Reconstruction and Development  in connection with its USD 5 million financing to V.V. KISCHENZI Ltd, a privately owned diversified agricultural producer. Kischenzi operates a variety of businesses ranging from grains and vegetables growing to dairy and pig farming. The loan will be covered by a first loss guarantee from the EU grant under the SME Direct Support Facility for small and medium sized businesses (SMEs) in the countries of the Deep and Comprehensive Free Trade Area (DCFTA).The proceeds of the loan will be used by Kischenzi to upgrade its fleet of combine harvesters and to acquire supplementary agricultural equipment like cultivators. The project will help Kischenzi strengthen its export potential and implement modern state-of-the-art farming technics and standards thus creating a successful benchmark for the industry in Ukraine.The loan is provided by EBRD jointly with the European Union and constitutes a Direct Support Facility for small and medium sized businesses (SMEs)

Asters' banking and finance team advising on the project consisted of partner Iryna Pokanay, counsel Gabriel Aslanian and associate Inna Bondarenko.