Release date: 21 July 2014
Promoter – Financial Intermediary
COMMERZBANK AGLocation
Description
This Mid-Cap Guarantee (MCG) operation will be set-up as a risk sharing instrument under the new Horizon 2020 financial instrument (ex-RSFF). The operation will be used to provide a 50% credit risk protection on a loan-by-loan basis to Commerzbank (COBA). The guaranteed loans will be granted by COBA to innovative Mid-caps having eligible expenditures. The purpose of the operation is to increase COBA’s capacity to lend to innovative Mid-caps, thanks to the capital released on the guaranteed loans.
Objectives
Financing of small/medium projects carried out by small and medium sized enterprises.
Comments
N/A
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 200 million
Total cost (Approximate amount)
Not applicable.
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 3/11/2014
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).