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    Signature(s)

    Amount
    € 80,000,000
    Countries
    Sector(s)
    Spain : € 80,000,000
    Credit lines : € 80,000,000
    Signature date(s)
    21/12/2018 : € 80,000,000
    Link to source

    Summary sheet

    Release date
    20 June 2018
    Status
    Reference
    Signed | 21/12/2018
    20170982
    Project name
    Promoter - financial intermediary
    BE-SPOKE SME SECURITISATION SPAIN
    BE-SPOKE CAPITAL (IRELAND) LTD
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 80 million
    not applicable
    Location
    Sector(s)
    Description
    Objectives

    The project consists of a loan substitute to a non-bank financial intermediary providing unsecured senior loans to small and medium-sized enterprises (SMEs) and mid-caps in Spain. The EIB will invest in the mezzanine note of a term securitisation, facilitating the release of funds from the existing bridge facility, and helping the intermediary originate new loans going forward.

    The operation complements the secured lending supply by the Spanish banks. Such diversification of financing options for the middle-market companies correlates positively with the efforts to develop an EU-wide capital markets union, and will contribute to sustainable economic growth in the long run.

    Environmental aspects
    Procurement

    The final beneficiaries will be requested to comply with domestic and EU legislation, as applicable.

    The final beneficiaries will be requested to comply with domestic and EU legislation, as applicable.

    Link to source

    Disclaimer

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

    scoreboard - BE-SPOKE SME SECURITISATION SPAIN
    Publication Date
    12 Oct 2018
    Document Language
    English
    Main Topic
    lending
    Document Number
    87431044
    Document Focus
    EFSI legal requirements
    Document Type
    Scoreboard
    Project Number
    20170982
    Last update
    12 Oct 2018
    Sector(s)
    Credit lines
    Countries
    Spain
    Publicly available
    Download now
    Link to source

    News & Stories

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    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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