Signature(s)
Amount
€ 300,000,000
Countries
Sector(s)
Spain
: € 300,000,000
Credit lines
: € 300,000,000
Signature date(s)
10/07/2017 : € 300,000,000
Link to source
Other links
Summary sheet
Release date
10 February 2017
Status
Reference
Signed | 10/07/2017
20160647
Project name
Promoter - financial intermediary
PUBLIC TO PRIVATE SUPPLY CHAIN FINANCE (SPAIN)
FARMAFACTORING ESPANA SA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 300 million
EUR 2520 million
Location
Sector(s)
- Credit lines - Credit lines
Description
Objectives
The proposed operation concerns a linked risk-sharing guarantee instrument to be provided to a specialised factoring company with the aim of expanding its supply chain financing programme in Spain, enabling alternative access to finance for small and medium-sized enterprises (SMEs) and mid-caps.
The operation will improve access to finance for SMEs and mid-caps via a discount of commercial invoices.
Environmental aspects
Procurement
The side letter to the guarantee contract will provide allocation conditions to ensure compliance with the Bank's standard environmental and social requirements.
The Bank will require that projects financed under this operation comply with applicable domestic and EU legislation, as appropriate.
Link to source
Summary sheet
News & Stories
Link to source
Other links