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Summary sheet
- Credit lines - Credit lines
Operation under the European Guarantee Fund (EGF) to support Swedish mid-caps and large corporates in sectors that are in line with the EIB's long-term mission (innovation, environment and indirect support for small and medium-sized enterprises (SMEs)) affected by the COVID-19 pandemic. Moreover, SEK will build a complementary portfolio, matching the size of the EGF guarantee, to improve the access to finance for SMEs and mid-caps.
Operation under the European Guarantee Fund (EGF) to support Swedish mid-caps and large corporates in sectors that are in line with the EIB's long-term mission (innovation, environment and indirect SME support) affected by the COVID-19 pandemic.
The linked risk-sharing instrument under the Pan-European Guarantee Fund (EGF) is designed to address liquidity and long-term investment needs of mid-caps and large corporates affected by the COVID19 pandemic. The project will be implemented by SEK, a Swedish National Promotional Bank, which has in-depth knowledge in supporting export companies. The EIB's contribution to the project is notable. First of all, the financing type is innovative as the linked risk-sharing instrument does not yet exist on the target market for mid-caps and large corporates. EIB participation sends a signal to the market that might help crowd in private sector financial intermediaries trough supporting economically viable companies which suffer temporarily by the Covid-19 pandemic. Overall, the project can positively stimulate economic recovery, thereby sustaining employment.
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.
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).
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