Release date: 19 December 2002
Promoter – Financial Intermediary
HSBC Bank plc and its asset finance subsidiaries, parts of the HSBC Holdings Group.Location
Description
The proposed intermediary loan or ‘global loan' will be used for funding SME clients undertaking business investment.
Objectives
To provide an alternative source of funding for financial institutions to enhance their SME lending.
Sector(s)
Proposed EIB finance (Approximate amount)
GBP 100 million (EUR 160 million)
Total cost (Approximate amount)
Min GBP 200 million (EUR 320 million)
Environmental aspects
Final beneficiaries will be requested to comply with national and EU Directives, as appropriate.
Procurement
Final beneficiaries will be requested to comply with EU Directives in particular for the award of public sector contracts, as appropriate.
Status
Signed - 18/12/2002
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).