Signature(s)
Summary sheet
- Credit lines - Credit lines
Synthetic securitisation guarantee covering an existing portfolio of assets in order to generate new lending to final recipients with a particular focus on climate action.
The purpose of this project it to support small and medium-sized enterprises (SMEs) and mid-cap lending with an envisaged climate action and environmental sustainability ("CA&ES") contribution in Sweden and Norway, not excluding other EU countries.
This transaction is the first mezzanine synthetic securitisation operation eligible under the Sustainability Infrastructure Window (SIW), notably under the relevant General Debt financial product, and its scope is in line with the relevant Lending Envelope INVESTEU GREEN SECURITISATION LE (2023-0564), approved by the CA on December 2023. In particular, the project is aligned with the specific ANNEX I-A art. 5, MPPA 1.7 "Investments in Green Assets and related assets". The proposed securitisation operation will generate additional lending capacity in support of financing of green small and medium scale projects undertaken by SMEs and Mid-Caps in Norway, Sweden and Denmark. As such, it falls under the scope of EU objectives through its contribution to job creation and to increased competitiveness and productivity of SMEs and Mid-Caps. Moreover, in line with the InvestEU Green Secularisation target, 100% of the resulting investments are intended for Climate Action & Environmental Sustainability, which will accelerate the green transition of the economy. Building on the Intermediary's strong track record and long-standing experience, it is expected that EIB funds be utilised in an efficient and timely manner. Thanks to the EIB's financial contribution in terms of Financial Value Added, the Intermediary will be able to provide financing to final beneficiaries at improved conditions. This would represent the first "Green Securitisation" synthetic transaction ever in Norway and the first-of-this-kind operation in Europe under InvestEU. The EIB would not be able to provide such type of support, or not to the same quantum, without the InvestEU guarantee.
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).
General enquiries and comments
The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
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.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.
Media enquiries
Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.
Complaints mechanism
Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.
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.
Related publications