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BBVA - ABS EGF ENHANCED SME SUPPORT

Signature(s)

Amount
€ 120,125,462.35
Countries
Sector(s)
Spain : € 120,125,462.35
Ліміти кредитування : € 120,125,462.35
Signature date(s)
17/12/2021 : € 120,125,462.35
Link to source
Data sheet
BBVA - ABS EGF ENHANCED SME SUPPORT
Other links
Summary sheet
BBVA - ABS EGF ENHANCED SME SUPPORT

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.

Link to source
Summary sheet
BBVA - ABS EGF ENHANCED SME SUPPORT
Other links
Data sheet
BBVA - ABS EGF ENHANCED SME SUPPORT

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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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.
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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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