Release date: 12 April 2002
Promoter – Financial Intermediary
KommuneKredit, CopenhagenLocation
Description
Global Loan for the financing of small and medium-sized public entities in the fields of health, education, environment, information and communication technology and urban development in Denmark.
Objectives
Through the financial intermediary, the Global Loan would provide final beneficiaries, notably local authorities and their associated entities, with long-term funds at favourable conditions contributing to reducing investment costs and better match the expected economic life of the investments.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 135m, equivalent to approximately DKK 1 billion
Total cost (Approximate amount)
Minimum of EUR 270m, equivalent to approximately DKK 2 billion
Environmental aspects
Compliance with EU directives and national legislation and guidelines will be made a condition and is to be confirmed for each allocation under the Global Loan.
Procurement
EIB procurement rules applicable to Global Loans will pertain.
Status
Signed - 3/02/2003
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).