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    Signature(s)

    Amount
    € 350,000,000
    Countries
    Sector(s)
    Sweden : € 350,000,000
    Credit lines : € 350,000,000
    Signature date(s)
    1/10/2021 : € 350,000,000

    Summary sheet

    Release date
    9 April 2021
    Status
    Reference
    Signed | 01/10/2021
    20200891
    Project name
    Promoter - financial intermediary
    SEK EGF ENHANCED SUPPORT FOR MIDCAPS
    SVENSK EXPORTKREDIT AB
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 350 million
    EUR 1141 million
    Location
    Sector(s)
    Description
    Objectives

    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.

    Additionality and Impact

    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.

    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.

    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).

    News & Stories

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