Signature(s)
Amount
€ 300,000,000
Countries
Sector(s)
Spain
: € 300,000,000
Credit lines
: € 300,000,000
Signature date(s)
14/08/2013 : € 6,750,000
14/08/2013 : € 16,300,000
14/08/2013 : € 25,774,520
14/08/2013 : € 28,700,000
14/08/2013 : € 30,000,000
14/08/2013 : € 38,250,000
14/08/2013 : € 39,355,680
14/08/2013 : € 45,000,000
14/08/2013 : € 69,869,800
Summary sheet
Release date
5 June 2013
Status
Reference
Signed | 14/08/2013
20120652
Project name
Promoter - financial intermediary
ICO GLOBAL GUARANTEE FOR SMES
INSTITUTO DE CREDITO OFICIAL
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 300 million
EUR 600 million
Location
Sector(s)
- Credit lines - Credit lines
Description
Objectives
Dedicated structure for financing small and medium size investments carried out by SMEs in Spain. The proposal is structured in the form of an EIF/EIB guarantee for a series of ABS schemes under which ICO acts as liquidity provider. Funds released via the EIF/EIB guarantee will be on-lent to SMEs by ICO under standard procedures for Global loan for SMEs.
Improving access to term finance at favourable conditions.
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.