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Summary sheet

Release date
16 April 2020
Status
Reference
Approved | 23/04/2020
20200267
Project name
Promoter - financial intermediary
EU PL ABS COVID19 RESPONSE FOR SMES&MIDCAPS
ACCEPTABLE BANK(S),ACCEPTABLE CORPORATE(S)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 2000 million
EUR 14000 million
Location
Sector(s)
Description
Objectives

The project consists of a Programme Loan dedicated to support SME/MidCap investments, working capital and short-term liquidity needs through the participation in non-investment grade mezzanine tranches of securitization structures. This operation is part of the economic response to the COVID-19 outbreak coordinated with the EC.

The aim is to mobilise funding resources to mitigate the impact of the COVID-19 epidemic on European SMEs and Midcaps. Sub-operations will be loans for SMEs and Midcaps to acceptable financial intermediaries, National and Regional Promotional Banks. Each sub-operation could be accompanied by other measures provided by relevant authorities.

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 nationaland EU legislation, as appropriate.

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 - 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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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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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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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