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    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

    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)
    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.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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