NIBULON and OTP Leasing concluded a barge financing agreement for the ASCET SHIPPING
OTP Leasing resumed financing barges with NIBULON. Two barges will be handed over to ASCET SHIPPING, one of the largest port operators in the Ukrainian grain forwarding market. The total amount of the deal is $ 4.5 million. The lease term is 5 years with the possibility of further extension for another 3 years. Capital Times acted as NIBULON's exclusive financial advisor when choosing a lessor.
"We are very happy to re-enter this market, where OTP Leasing has financed many barges, tugs and even a floating crane. It is a great honor for us that such a progressive company as ASCET SHIPPING has appeared in our portfolio. I am sure that this is just the beginning of our cooperation," – Andriy Pavlushyn, General Director of OTP Leasing said.
"NIBULON is a leader in Ukrainian shipbuilding and a symbol of the shipping revival. For more than 10 years, it has been implementing and promoting this idea, emphasizing the huge potential and role of these industries in the formation of a competitive Ukrainian economy. Over the years, NIBULON has created its own modern fleet of 82 vessels and refocused more than 24 million tons of cargo. 11 years ago, NIBULON became the first client of OTP Leasing, having received funds to finance the first construction of the tug of the POSS-115 project. After years of fruitful cooperation, the company set an important precedent on the Ukrainian market, already selling its own modern project vessels to other Ukrainian enterprises for the further development of shipping. This step opens new opportunities for the company's partners and customers in the organization of successful efficient logistics," – NIBULON CEO Oleksiy Vadatursky highlighted.
OTP Leasing LLC is a universal leasing company, part of the European financial group OTP Group, which has a solid reputation throughout Europe. OTP Leasing was founded in June 2008 as a subsidiary of OTP Bank JSC. OTP Leasing works in all market segments with leading manufacturers of equipment, special equipment and vehicles, providing leasing services.
«NIBULON» is an agricultural company of Ukraine, one of the largest Ukrainian agricultural producers and exporters. Founded in 1991. Founder and CEO – Oleksiy Vadatursky (Hero of Ukraine).
ASCET SHIPPING is a large port operator in the market of forwarding of grain crops of Ukraine. Ascet Shipping has branches in five regions of Ukraine and works in Berdyansk, Mariupol, Mykolaiv, Odessa and Kherson seaports, cooperating with the largest grain traders in Ukraine. The company is the largest port operator in Berdyansk port.
