Signature(s)
Amount
€ 143,000,000
Countries
Sector(s)
Spain
: € 143,000,000
Credit lines
: € 143,000,000
Signature date(s)
24/09/2020 : € 143,000,000
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Summary sheet
Release date
1 July 2020
Status
Reference
Signed | 24/09/2020
20200359
Project name
Promoter - financial intermediary
SANTANDER COVID19 ABS SUPPORT TO SMES & MIDCAPS
BANCO SANTANDER SA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 143 million
not applicable
Location
Sector(s)
- Credit lines - Credit lines
Description
Objectives
The project, as part of the EIB response to COVID-19 crisis, will supports SMEs and midcaps affected by the pandemic. In detail, the EIB will purchase the mezzanine tranche of a synthetic securitisation of a portfolio of SME loans originated by Santander Bank.
The aim is to facilitate the access to finance of SMEs and midcaps and mitigate the negative economic effects of the Covid-19.
Environmental aspects
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Related documents
Related projects
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Summary sheet
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scoreboard - EU PL ABS COVID19 RESPONSE FOR SMES&MIDCAPS
Publication Date
1 Sep 2020
Document Language
English
Main Topic
lending
Document Number
133221926
Document Focus
EFSI legal requirements
Document Type
Scoreboard
Project Number
20210349
Last update
2 Sep 2020
Sector(s)
Credit lines
Countries
Italy
Publicly available
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