ICO Loan for SMEs II

Promoter – Financial Intermediary

Instituto de Crédito Oficial

Location

• Spain

Description

EIB loan for SMEs for financing small and medium sized investment carried out by SMEs.

Objectives

The loan will be dedicated to investments being undertaken by SMEs.

Sector(s)

• Credit lines

Proposed EIB finance (Approximate amount)

Up to EUR 500 million.

Total cost (Approximate amount)

Not applicable.

Environmental aspects

All sub-projects to be financed under this EIB loan to SMEs will be required to comply with relevant national and EU policy and legislation, as appropriate.

Procurement

The Bank will require that sub-projects financed under this EIB loan to SMEs comply with the relevant EU Directives on procurement, where applicable.

Status

Signed - 22/06/2010