We can give additional support for priority projects using certain instruments with a higher risk profile than we normally accept. These priority areas include trans-European transport and energy networks and other infrastructure, the knowledge economy, energy and SMEs.
This support is provided by our Structured Finance Facility (SFF) using a mix of the following instruments:
- senior loans and guarantees incorporating pre-completion and early operational risk
- subordinated loans and guarantees ranking ahead of shareholder subordinated debt
- mezzanine finance, including high-yield debt for SMEs experiencing high-growth or are undergoing restructuring
- project-related derivatives
Such has been the success of the SFF that its scope was doubled recently to enable us to generate operations up to a maximum of EUR 3.75bn.