BBVA ABS OPERATION FOR CLIMATE ACTION

Projektträger – zwischengeschaltetes Finanzinstitut

BANCO BILBAO VIZCAYA ARGENTARIA SA

Ort

• Spanien

Beschreibung

EIB participation in mezzanine tranches of a Cash ABS transaction to finance green projects in Spain.

Additionality and Impact

The project will support the green transition by financing new energy efficient buildings (the operation will thus have a 100% climate contribution). EIB contribution takes the form of financial benefit and longer tenors. By providing new credit lines to SMEs and Mid-Caps via an established intermediary, the EIB can play a counter-cyclical role, preserve employment and positively contribute to the recovery of the Spanish economy. EIB investment, through a securitization, will crowd-in public and private investors. BBVA has a good track record in allocating EIB funds to support sound projects dedicated to SMEs and Mid-Caps.

Ziele

Financing of small/medium-sized projects carried out by small and medium-sized enterprises.

Sektor(en)

• Industrie - Baugewerbe/Bau

Vorgeschlagene EIB-Finanzierung (voraussichtlicher Betrag)

EUR 50 million

Gesamtkosten (voraussichtlicher Betrag)

not applicable

Umweltaspekte

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Auftragsvergabe

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Projektstatus

Unterzeichnet - 22/06/2023