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    Signature(s)

    Amount
    € 120,125,462.35
    Countries
    Sector(s)
    Spain : € 120,125,462.35
    Credit lines : € 120,125,462.35
    Signature date(s)
    17/12/2021 : € 120,125,462.35

    Summary sheet

    Release date
    22 November 2021
    Status
    Reference
    Signed | 17/12/2021
    20210666
    Project name
    Promoter - financial intermediary
    BBVA - ABS EGF ENHANCED SME SUPPORT
    BANCO BILBAO VIZCAYA ARGENTARIA SA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 120 million
    EUR 1344 million
    Location
    Sector(s)
    Description
    Objectives

    First loss piece guarantee on a synthetic securitisation structure to support small and medium-sized projects carried out by small and medium-sized enterprises (SMEs) located in Spain.

    The operation concerns a first loss piece ("FLP") guarantee of up to EUR 120 million on a granular synthetic securitisation for the ultimate benefit of BBVA S.A.. It is presented under the EGF - EU PL - LOAN SUBSTITUTE INSTRUMENT (2021-0635) with the aim of directly addressing the working capital, liquidity needs and investment constraints of EU SMEs. The programme loan for EGF Loan Substitute ("EGF-ABS") operations was designed with the purpose to mobilise new SME lending.

    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).

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