Project detail - TOI COMMODITIES SA

TOI COMMODITIES SA

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Who is our client

Trans-Oil Group is a leading vertically integrated farming, oilseed crushing, trading and transportation logistic provider with operations in Moldova and Ukraine. The company owns a distribution and export network in Moldova with extension to the Black Sea region and upstream to the Danube basin. More than 80% of the sales of the Company are exported to EU, Turkey and Asia.

Funding objective

FMO has arranged a USD 35 mln syndicated Pre-Crop Facility – a 1-year working capital facility to fund the farming campaign of 2021 marketing season. FMO’s participation is USD 11.5 mln with additional USD 23.5 mln syndicated to commercial banks.

Why we fund this project

FMO supports farming in Moldova in general and an agribusiness player in the country by funding Trans-Oil Group’s seasonal working capital needs and help Moldova earn hard currency. In this way, FMO will contribute to reducing hunger, poverty and supporting economic growth.

Environmental and social rationale

Client categorized as B+ with main risks related to the following Performance Standards: PS 1 – Assessment and Management of Environmental and Social Risks and Impacts; PS 2 – Labour and working conditions; PS 3 – Resource Efficiency and Pollution Prevention; PS 4 – Community Health, Safety and Security. IFC Performance Standards 5 to 8 are not applicable as the project does not include land acquisition and resettlement; and no biodiversity threats, no indigenous people and no cultural sites are identified in the area of influence of the project. Potential E&S additionality will be on labour management in the agricultural supply chain. FMO will periodically review the project’s ongoing compliance with the Performance Standards. The Company will monitor any development, which would trigger these Performance Standards through the Environmental and Social Management System.

More investments

Date Total FMO financing
5/20/2021 USD 25.00 MLN
4/30/2020 USD 10.00 MLN
9/24/2019 USD 15.00 MLN
3/26/2019 USD 5.00 MLN
7/12/2018 USD 25.00 MLN
4/10/2018 USD 5.00 MLN
7/12/2017 USD 20.00 MLN
Region
Europe & Central Asia
Country
Moldova, Republic of
Sector
Agribusiness, Food & Water
Signing date
4/7/2021
Total FMO financing
USD 11.50 MLN
Fund
FMO
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)
B+