devinitorg/iati-policy-markers huggingface dataset:
Hellas Direct Insurance A junior subordinated mandatory convertible debt investment of up to €10  million to HD Insurance Limited ("Hellas Direct" or the "Company"), a general  insurer incorporated in Cyprus and operating in Greece and Cyprus.  This transaction supports a fast growing, tech-driven insurance company  operating in Greece, where the insurance penetration ratio is one of the lowest  in Europe, to scale up the Company's operations and allow it to continue  offering innovative insurance products and digitalising the insurance value  chain. The Bank's investment will provide the Company with adequate solvency  headroom to reach the necessary scale in line with its business plan.  Therefore, the funds will be used as regulatory capital, as well as for working  capital and general corporate purposes.
RF- Yapi Kredi Project This project was approved as part of the Bank's response to the Covid-19  pandemic. To avoid delays to the delivery of this project, the Bank's President  granted a deviation from the ordinary timelines for PSD disclosure, as  contemplated by Section V of the Directive on Access to Information. Details of  the Bank's response to Covid-19, and this deviation, can be found on our  website.  Financing is comprised of a senior loan of up to USD 100 million in favour of  Yapi ve Kredi Bankasi A.S. The proceeds of the loan will be channelled by Yapi  Kredi to Turkish businesses, with a focus on micro, small and medium-sized  enterprises (MSMEs).  The operations will enable the company to increase the availability of  short-term financing predominantly to MSMEs in Turkey facing liquidity stress  due to the Covid-19 crisis.
Trans-Oil working capital investment The provision of up to USD 40 million in the form of a participation in a  syndicated senior secured revolving credit facility to finance working capital  needs of Trans-Oil Group. Working capital financing is associated with the  procurement, storage, processing, transportation of agricultural commodities,  and export sale.  Provision of seasonal working capital financing for the Group's activities in  Moldova.
STEG Transmission A senior loan of up to EUR 85 million to Societe Tunisienne de l'Electricite et  du Gaz ( "STEG" or the "Company"), to finance the reinforcement of the  electricity transmission network in North-Eastern Tunisia (the "Project").  The Tunisian energy sector is in crucial need of investments due to demand  outpacing supply. Tunisia's socio-economic development, marked by the growth  and modernisation of industries and services, and the growing population's  enhanced living standards have spurred increasing demand for electricity and a  substantial increase in peak demand  Under the Network Equipment Program of the 12th Five-Year Socioeconomic  Development Plan (2012-2016), STEG will enhance the quality of its service  through an electricity network rehabilitation and modernisation programme. The  Project forms an integral part of this programme.  The Project will enhance the performance and reliability of the electricity  transmission and distribution network and, prepare the Tunisian grid for future  additional renewable capacity.
Innova/7 Project An equity investment of up to EUR 50 million in favour of Innova/7 SCA SICAV  RAIF (the "Fund")  The operation will enable the Fund to make equity and quasi-equity investments  in medium-sized companies in the countries of Central and South Eastern Europe,  with a primary focus on Poland, with the objective of achieving long-term  capital growth.
Elektrokrajna power distribution project The EBRD transaction envisages a senior unsecured non-sovereign corporate loan  of up to EUR 15 million, to be divided into two parallel tranches (i) the EBRD  tranche of up to EUR 7.5 million  and (ii) a concessional tranche of up to EUR  7.5 million provided by the Green Energy Special Fund (GESF), a Special Fund  established and administrated by the Bank with the contribution of the  Taiwanese International Cooperation and Development Fund (TaiwanICDF) to  support EBRD projects related to investments in efficient (also known as  "green") energy technologies. The proceeds of the loan will finance the  reconstruction of medium and low-voltage networks and substations as well as  installation of smart metering including automatic meter management system  ('AMM').Total Project costs amount to EUR 15 million.  The project will support ZP Elektrokrajina to reach its strategic objectives of  a) reducing losses through the installation of new protected cables and  substations as well as new meters with remote reading and disconnection  features; b) improving collections by reducing receivables aging. These  receivables are collected using legal procedures which are lengthy and  time-consuming. With the introduction of smart meters the company will have  better control of this; c) improving the quality of supply with the replacement  of substations and the reconstruction of networks in the most populated areas.
I - Marti Project Follow-on investment in Marti, a leading mobility platform with operations and  development in Turkey, to support existing operations.  Null Value
Egypt Green Hydrogen S.A.E Provision of up to USD 80 million equity bridge loan (the "Loan") to Egypt  Green Hydrogen S.A.E (the "Borrower"), an Egypt domiciled company established  for the purpose of developing and operating the first green hydrogen production  facility in Egypt.  The Loan will support funding the procurement and construction of a 100 MW  electrolyser facility together with the related facilities and civil works  needed for the completion of the project (the "Electrolyser" or the "Project").  The Electrolyser, which will be powered by renewable energy, will produce green  hydrogen that will substitute some of the grey hydrogen (i.e. produced from  gas) consumption used by the Egyptian Fertilizer Company (the Offtaker and a  subsidiary of the regional fertiliser producer, Fertiglobe PLC) and will be  used as input to produce green ammonia which will be exported to the  international markets. Being the first project of its kind in Egypt, the  Project will lead to a significant demonstration effects and will be an  important milestone in the development of a green hydrogen and ammonia industry  in Egypt which is a key step towards decarbonising several industries,  particularly fertilisers - a main consuming industry for ammonia.
Barry Callebaut Serbia Provision of a senior unsecured long-term loan to Barry Callebaut South East  Europe d.o.o. (the "Company") in the amount of up to EUR 82.3 million,  consisting of EUR 52.3 million committed tranche and EUR 30 million uncommitted  tranche.  The loan will support the Company's investment in the development of the  chocolate production plant and Chocolate Academy in Serbia, as well as future  investments in Serbia.
Migros Ticaret - Bond The Bank has invested TRY 30 million (EUR 5.4 million) in Migros Ticaret A.S.'s  ("Migros" or the "Company") first bond issuance totalling TRY 150 million (EUR  27 million). The bond is listed on Borsa Istanbul.  The issuance is the first part of a continuing series under a bond programme  with a total aggregate size of TRY 550 million (EUR 99 million). The Bank has  approval for an investment of up to TRY 110 million (EUR 19.8 million) in the  entire programme. Migros has an approval from Capital Markets Board to increase  the issuance up to TRY 1 billion (EUR 180 million) if they choose to.  The bond will be denominated in local currency comprising of sub-tranches  indexed to Turkish Lira Interbank Offer Rate (TRLIBOR) and Constant Maturity  Treasury Reference (CMTR) as its benchmark rates with maturities of three and  two years respectively. As part of this issuance Migros has received a credit  rating of AA-/Stable outlook from Fitch.  The proceeds of the bond issuance will refinance certain existing short-term  loans of the Company, thereby diversifying its sources of financing, especially  in the context of a challenging economic environment and limiting exposure to  exchange rate fluctuations.
Debsk Windfarm Project Provision of a senior long-term loan to finance the development, construction  and operation of the 121 MW Debsk wind farm in northern Poland (the "project").  The project has been developed by Polenergia Farma Wiatrowa 3 Sp. z o.o.  ("Developer"). Construction works are expected to be completed in 2021.  The loan is to be made available to Polenergia Farma Wiatrowa 3 Sp. z o. o.  (the "borrower"), established to develop, construct and operate the Debsk wind  farm. The borrower is owned by Polenergia S.A. (the "sponsor").  The project will contribute to climate mitigation by increasing the share of  renewable energy generation in Poland and add 121 MW wind generation capacity  to the national energy system.
Landor (Tunisia) Landor is launching a capex plan of ca. TND 67.2 million (ca. EUR 21.2 million)  which consists of (i) ca. MAD 165.5 million (eq. EUR 15.7million) investment in  a new plant in Morocco and (ii) ca. TND 17.0 million (eq. EUR 5.5 million) in  Tunisia for capacity expansion and process optimisation of its plant.  This project was approved in the context of the Bank's response to the  COVID-19 pandemic. To avoid delays to the delivery of this project, the Bank's  President granted a deviation from the ordinary timelines for PSD disclosure,  as contemplated by Section V of theDirective on Access to Information.  Details  of the Bank's response to COVID-19, and this deviation, can be found on our  website.  Project in Morocco: This investment in Morocco is driven by i) a dynamic local  market, ii) a validated export potential to sub-Saharan countries out of  Morocco. Landor decided to acquire 1.3 ha of land near Kenitra (in western  Morocco) and to build a 6.1k sqm plant.  Project in Tunisia: This investment focus on capacity expansion and process  optimisation of the plant in Khelidia (suburbs of Tunis). Landor is also  planning investments in productivity, quality and safety in order to optimise  the processes in its Tunisian plant and improve its industrial standards.
Globalworth Real Estate Investment EBRD approved investment in a senior unsecured corporate Eurobond issue  launched by Globalworth Real Estate Investment Limited ("GREIL" or the  "Issuer"), a Guernsey incorporated public limited liability company. The Bank's  investment represented 9% of the total bond issue. The Eurobond is dually  listed on the Bucharest Stock Exchange ("BSE") and the Irish Stock Exchange  ("ISE"), representing the first dual-listing bond from Romania and the first  benchmark size corporate Eurobond listed on the BSE.  The overal objectives of the project include:  (i) a successful fund raising of at least EUR 400 million - it was achieved  at subscription, with GREIL raising a total of EUR 550 million; and  (ii) a good financial and operational performance - that is monitored during  the project implementation, with particular focus on growth in revenues,  profitability and cash flows, as well as no payment defaults under the bond.
DFF-Tashkent Pipe Plant-2 (WC) The provision of a senior secured 2-year working capital loan of up to US$ 10  million to Tashkent Pipe Plant for financing the procurement of raw materials  for the production of spiral submerged arc welded pipes (SSAW) - commonly used  in water infrastructure, construction and transport industries.  The Project aims to enhance operational efficiency of Tashkent Pipe Plant and  increase the share of import substitution products in the market.
I - oBilet Project EBRD intends to increase its stake in oBilet, the leading SaaS-enabled digital  marketplace focusing on intercity bus transportation in Turkey. The oBilet app,  available on mobile and desktop devices, offers bus travel options, convenient  digital booking of bus rides and seat reservation, and allows users to manage  their journeys online. It also provides software for bus operators to manage  their bus inventory and helps them sell tickets through the platform.  EBRD is exercising its investor pro-rata rights.
Project Nephele II (Bail-in Senior Preferred) On 28 April 2021, the EBRD invested EUR 50 million (10% participation) in a  senior preferred bond issued by Eurobank S.A. ('ERB') as a part of a public  benchmark issuance of EUR 500 million listed on the Luxembourg  Stock  Exchange's EURO MTF market. On 7 September 2021, the EBRD invested another EUR  27 million (5.4% participation) in the second senior preferred bond issuance of  ERB under the same programme.  The project supports the resilience and regulatory compliance of the fourth  largest bank in Greece, a systemically important institution in the country and  contributes to the capital market development of Greece. The project also aims  to support strong green-impact targets with 150% of the EBRD's investment to be  allocated to finance green projects in line with EBRD's Green Economy  Transition ("GET") eligibility criteria.
Serbia Route 7 Highway Provision of a sovereign loan facility to the Republic of Serbia to finance the  construction of a road section to semi-motorway standard, approximately 39.4 km  in length between Nis and Plocnik (the "Project"). The Project is part of a  longer road section from Nis to Merdare which connects Serbia with Kosovo and  further with Port of Durres in Albania. The Project is part of Route 7 of the  Western Balkans Core Network.  The Project will be co-financed with a loan from the European Investment Bank  (EIB) and an investment grant from the Western Balkans Investment Framework  (WBIF). In addition, the WBIF has been providing grant funding for project  preparation.  * Support Serbia's economic development and regional integration by improving  its connectivity between its main cities and neighbouring Kosovo and through  Kosovo with Port of Durres in Albania.   * Contribute to improving resilience of the Serbian section of Route 7 to the  impacts of climate change through inclusion of structural and non-structural  climate change adaptation measures to be incorporated into the design to  increase resilience of the investment and contribute to improved management of  the impacts of future climate change.
Phase 2 of Banie Wind Farm After execution of the loan documentation for the 50MW Phase 1 of the Banie  wind farm on the 18th of December 2015 with EBRD's commitment of up to PLN 150  million (EUR 35 million), the Bank is increasing its commitment with an  additional senior long-term loan of up to PLN 127 million (EUR 30 million) to  finance the construction and operation of 56MW Phase 2 of the Banie wind farm,  located in north western Poland (Phase 1 and Phase 2 jointly referred to as the  "Project"). The construction of Phase 1 was finalized in December 2015, whereas  the construction of Phase 2 started at the beginning of 2016 and is expected to  be completed by mid-2016.  The loan is to be made available to Wiatromill Sp. z o.o. (the "Borrower")  created to own, construct and operate the Banie wind farm.  The Borrower is fully owned by Energix Renewable Energies Ltd. ("Energix" or  the "Sponsor").  The Project will lead to the construction of 106MW of new renewable energy  capacity in Poland. This is expected to generate over 187 thousand tonnes of  CO2 savings per annum. In addition, the Project will also strengthen the  private sector presence in the renewable energy sector in the country.
Sarimay-Djankeldy Transmission The Bank is considering providing a US$ 47.1 million loan to finance the  construction of a 128 km 500 kV overhead transmission line between the  settlements of Sarimay (Khoresm region) and Djankeldy (Bukhara region), and 2  km 500kV overhead transmission line connecting a new 500kV open switchgear with  the 500kV Navoi transmission line. The project will be implemented by  Joint-Stock Company National Electric Grid of Uzbekistan (NEGU).  Implementation of the Project shall significantly improve reliability,  efficiency and stability of the transmission network as well as the quality and  security of electricity supply. The project will also facilitate the  transmission of electricity generated by renewable energy power plants under  development in the Bukhara region to the national grid.
Meridiam Infrastructure Europe III EBRD is providing an equity investment of EUR 100 million in Meridiam  Infrastructure Europe III (the "Fund"), a follow-on fund to Meridiam  Infrastructure Europe II in which the Bank is an investor. The Fund is expected  to raise EUR 1.2 billion, of which a minimum of EUR 400 million is targeted at  selected EBRD Countries of Operation ("CoOs").  The Fund aims to make long term equity investments in infrastructure projects  and will predominantly focus on greenfield projects that benefit, after  completion, from long term and stable contractual cash flows (such as  concessions and Public Private Partnerships ("PPP")) in the sectors of  transportation, environmental and social infrastructure. The Fund will  facilitate investment in infrastructure assets in EBRD's CoOs.
RLF loan to Ukraine's JSC Farmak RLF loan to Ukraine's JSC Farmak - EUR 20 million senior term loan to JSC Farmak.  Financing of working capital needs of pharmaceutical production operations:  purchase of raw materials, payment of salaries, storage and transportation of  finished goods and their subsequent sale in Ukraine and for export.
Atyrau Energy Project The Bank is providing a loan of up to US$ 5.9 million to Sagat Energy LLP to  finance the completion of construction and grid connection of the 11MW  cogeneration gas-engine based power plant in Atyrau, Kazakhstan.  The operation will enable Sagat Energy LLP to complete the construction of the  11MW power plant to serve the local power load in the Atyrau oblast.
Can-Pack SA Bond The European Bank for Reconstruction and Development ("EBRD") invested in  unsecured corporate bonds with 7 years' maturity, issued by Can-Pack S.A. ("the  Company"), a Polish-based producer of aluminium cans and can ends. The Project  entails financing of capacity upgrade of the existing facilities aimed at the  introduction of resource efficient technologies, scaling up of recycling  activity, as well as financing of additional working capital needs related to  this programme in Poland, and an investment into a recycling programme in  Romania, which is a part of investment plan realized by Can Pack Group.  Null Value
Greek Airports Privatisation Cluster A The EBRD is joining a group of lenders providing long-term financing to the  concessionaire for the privatisation of 14 Greek regional airports.  The Greek government is in the process of implementing a significant  privatisation programme, which includes the privatisation of 14 regional  airports in Greece with a view to transferring responsibility for their  modernisation, maintenance, management and operation to the private sector  under long-term concession agreements. Fraport Greece, the concessionaire for  the 14 Greek regional airports is owned by Fraport AG and Copelouzos Group. The  concession agreements were signed with the Hellenic Republic Asset Development  Fund S.A. (HRADF) and the Republic of Greece on 14 December 2015.  EBRD's financing would support the expansion of private sector participation in  the airport sector in Greece. The project will include the modernisation and  upgrading of important airport infrastructure located throughout Greece and  will support the growth of the regional economies. The project will improve the  quality of the infrastructure and the service quality at the 14 regional  airports and will promote development of the tourism industry in Greece, which  is a key driver of the Greek economy.
DCT Terminal 3 Expansion Project A senior loan of up to EUR 150 million in favour of DCT Gdansk Sp. z o.o.  ("DCT" or the "Company") and its 100% holding Baltic Hub Sp. z o.o. ("HoldCo"),  both incorporated in Poland. EBRD loan will be part of a wider debt package of  up to EUR 863.5 million provided jointly with commercial banks to i) refinance  the Company's existing debt, ii) capex for construction of Terminal 3, and iii)  provide working capital for the Company.  EBRD's loan will be focused on capex  facility and will contribute to funding construction of Terminal 3, upgrade and  renewal of the equipment on Terminals 1 and 2 and additional yard development  within the Port of Gdansk.  The Project is anticipated to add 1.47 million TEUs of capacity allowing the  Company to meet growing demand. The project will also incorporate latest energy  efficient technical solutions.
Serbian Railways Corridor X - II The EBRD is considering reallocation of an existing sovereign guaranteed loan  of EUR 100 million to JSC Serbian Railways (project number 41125), approved by  the Board on 1 September 2010.  The reallocation follows a decision by the  Government of Serbia to unbundle vertically integrated JSC Serbian Railways.   The existing loan is being restructured to reassign loan proceeds to the  operating companies established in August 2015 - EUR 36 million to  Infrastructure of Serbian Railways JSC (project number 48883) and EUR 64  million to Serbia Cargo JSC (project number 48406).  The sovereign guaranteed loan in the amount of EUR 36 million to  Infrastructure of Serbian Railways JSC will be provided by the EBRD to finance  a programme of track renewal along the Corridor X railway line in Serbia.  As part of the restructured project, the EBRD also financed procurement of  new electric locomotives and refurbishment of locomotives in the existing  fleet, which will be implemented by Serbia Cargo JSC under related project  number 48406.  The objectives of the project, on the part of railway infrastructure, are to  finance a programme of track renewal on Corridor X in order to enhance the  efficiency of both passenger and freight services. The project continues to  support Government of Serbia's rail reform programme.
Mytilineos Bond The EBRD subscribed the amount of EUR 30 million to the EUR 300 million senior  unsecured bond maturing in June-2022 issued by Mytilineos Holdings S.A. (the " Company")  The Bond proceeds will be used for refinancing of Company's existing secured  debt.
Elektro-Bijeljina smartmetering expansion A senior corporate loan of up to EUR 15 million to be divided into two parallel  tranches (i) the EBRD tranche and (ii) a concessional tranche provided by the  Green Energy Special Fund ("GESF"), a Special Fund established and  administrated by the Bank with the contribution of the Taiwanese International  Cooperation and Development Fund (TaiwanICDF) to support EBRD projects related  to investments in efficient (also known as "green") energy technologies. The  size of the GESF tranche will be determined prior to signing and will depend on  the amount of the carbon emission reduction (measured in tonnes of CO2  equivalent saved).  In any event it will be limited to a maximum of 50 per cent  of the total project costs (i.e. up to EUR 7.5 million to be provided by GESF).     The proceeds of the loan will finance the (i) reconstruction of medium and  low-voltage networks (ii) reconstruction of substations (iii) and expansion of  smart metering ("the Project").  The Project will support ZEDP Elektro Bijeljina to reach its strategic  objectives of a) Reducing losses, through the installation of new protected  cables and substations as well as new meters with remote reading and  disconnection features; b) Improving the quality of supply,  with the  replacement of substations and reconstruction of networks in the most populated  areas which is projected to reduce frequency and duration of unexpected grid  disconnections, as well as to provide a more stable supply of electricity; and,  c) facilitating new renewable connections to the distribution network, mainly  small PVs and small HPPs.