Release date: 17 September 2008
Promoter – Financial Intermediary
Mediocredito Italiano S.p.A., in co-debtorship with its parent company Intesa Sanpaolo S.p.A.
Location
Description
The Facility provides a credit risk sharing scheme for corporates to finance RDI projects. Focus would be on medium-sized companies in industries like for example automotive suppliers, engineering, renewable energy, ICT and life science.
Objectives
The proposed Facility would allow to share credit risks under the Risk Sharing Finance Facility (RSFF) scheme on RDI initiatives on a “project-by-project” basis.
Sector(s)
Proposed EIB finance (Approximate amount)
Euro 100 million, likely to be signed in two tranches.
Total cost (Approximate amount)
Euro 200 millon.
Environmental aspects
All eligible projects to benefit from the Facility will have to respect the rules and conditions on the environmental conditions as outlined in a separate side letter, in line with European and national legislation.
Procurement
All eligible projects to benefit from the Facility will have to respect the rules and conditions on procurement, in line with European and national legislation.
Status
Signed - 23/07/2009