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    Summary sheet

    Release date
    3 March 2021
    Status
    Reference
    Approved | 22/07/2021
    20200894
    Project name
    Promoter - financial intermediary
    EGF-ICO FACILITY SMES & MIDCAPS SPAIN-MEZZANINE
    INSTITUTO DE CREDITO OFICIAL
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    not disclosed
    EUR 7490 million
    Sector(s)
    Description
    Objectives

    Guarantee facility in support of small and medium-sized enterprises (SMEs) and mid-caps affected by the COVID-19 crisis mainly in Spain - Mezzanine tranche.

    The guarantee is expected to mobilise financing for Spanish SMEs and mid-caps affected by the COVID-19 pandemic.

    Environmental aspects
    Procurement

    In accordance with the Bank's policy to ensure that sub-loans comply with the EU acquis, in particular in the field of environment, the Bank will require such intermediary institution to take all the requisite measures to ensure that the environment procedures carried out by the final recipients under the new portfolio will comply with the relevant EU environment legislation and the applicable national legislation, provided that it is in conformity with EU rules.

    In accordance with the Bank's policy to ensure that sub-loans comply with the EU acquis, in particular in the field of public procurement, the Bank will require such intermediary institution to take all the requisite measures to ensure that the procurement procedures carried out by the final recipients under the new portfolio will comply with the relevant EU procurement legislation and the applicable national legislation, provided that it is in conformity with EU rules.

    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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    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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