Commerzbank i2i GL II
- Reference: 20050611
- Release date: 09 February 2006
Commerzbank AG, Frankfurt/Main.
- Germany
Global loan for the financing of small and medium sized projects promoted by the public sector in Germany and contributing towards the Bank’s Innovation 2010 Initiative by focusing on education and training, and research and development. Targeted projects would mainly be in the education sector (schools as well as universities), where infrastructure enhancement is increasingly a priority in Germany.
The proposed global loan intends to lower the funding cost for i2i related public sector infrastructure projects and gives the Bank the opportunity to extend its loan products to projects of limited size through the co-operation with Commerzbank, a well-established partner bank on a national level. Based on its experience in public sector financing, Commerzbank has identified a multitude of small investment projects, particularly in education and training sector. The operation would therefore promote EU objectives for such projects, which cannot otherwise be achieved by EIB.
- Credit lines
EUR 100 million.
Total cost (Approximate amount)Not Applicable.
Environmental aspectsCompliance with EU directives and national legislation and guidelines is made a condition and to be confirmed for each allocation under the Global loan.
Compliance with EU directives and national legislation and guidelines is made a condition and to be confirmed for each allocation under the Global loan.
Signed - 12/05/2006.
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. Therefore data provided on this page is indicative and cannot be considered to represent official EIB Policy (see also the Explanatory notes).
