The EIB and Cassa Depositi e Prestiti (CDP) signed in Rome today a €600 million loan for rebuilding industrial infrastructure in areas hit by the earthquake in Emilia-Romagna one year ago. The EIB was represented by President Werner Hoyer and Vice-President Dario Scannapieco, and CDP by its Chairman Franco Bassanini and CEO Giovanni Gorno Tempini.
The EIB is supporting Repsol S.A.’s research, development and innovation (RDI) programme with a EUR 200 million loan. EIB Vice-President Magdalena Álvarez Arza and Repsol’s CEO Antonio Brufau signed the finance contract in Madrid this morning.
The EIB has signed a EUR 500 million loan agreement with the Instituto de Crédito Oficial (ICO) designed to boost the amount of credit available to SMEs and midcaps (companies with up to 3 000 employees), mainly in the industrial and service sectors.
The EIB has signed a EUR 300 million loan agreement with CaixaBank to finance small and medium-scale investment projects promoted by SMEs (with fewer than 250 employees) and midcaps (companies with up to 3 000 employees), along with their working capital needs.
Today the EIB priced a new Global benchmark issue in the 3-year sector. This is EIB’s second 3-year US Dollar Global and fourth US Dollar Global of the year. The transaction was priced at mid-swaps +4 basis points, in line with initial guidance. The issue pays a semi-annual coupon of 0.500% and has an issue price of 99.804% to give a spread of 21.35 basis points over the 0.250% UST due 15 May 2016.
The EIB is increasing its loan for PKP Intercity’s Pendolino trains from EUR 224m to EUR 342m. The project consists of the purchase of 20 modern high-speed trains and the construction of an associated maintenance depot in Warsaw. With the increase of financing, the Bank aims to ensure smooth project implementation by completing the financing plan.
The EIB attaches the highest importance to supporting small and medium-sized enterprises in order to promote growth and jobs in Europe. The President of the EIB, Werner Hoyer, stated during the annual meeting of the EIB’s Board of Governors in Brussels: “The EIB sees its support for small and medium-sized businesses in the current economic climate as its number one priority.” Following the EIB’s paid-in capital increase of EUR 10 billion last year, the EU bank will lend an additional EUR 15 billion to SMEs during 2013 to 2015.
The EIB is providing a PLN 566m (some EUR 140m) loan to Elektrocieplownia Stalowa Wola for the construction of a combined cycle gas turbine (CCGT) power station with an electric capacity of 450 MWe and heating capacity of 240 MWth. This highly efficient power plant will be built on an existing industrial site within the boundaries of the Stalowa Wola power plant in South-Eastern Poland. It will provide electricity to the grid and heat to neighbouring towns as well as industrial off-takers. It is expected to be operational in the second half of 2015.
The EIB has granted a EUR 55 million (approx. NPR 6.41 billion) loan to the Federal Democratic Republic of Nepal to finance the construction and operation of the Tanahu Hydropower plant. The finance contract was signed today in Kathmandu by EIB Vice-President Magdalena Álvarez and Nepalese Finance Secretary, Shanta Raj Subedi. This signing takes place exactly one year after the signature of the Framework Agreement between the EIB and Nepal in a ceremony held in Kathmandu on 7 May, 2012.