Release date: 20 August 2015
Promoter – Financial Intermediary
SAECHSISCHE AUFBAUBANK - FOERDERBANKLocation
Description
This is a multiple beneficiary Intermediated Loan to Saechsische Aufbaubank (SAB), the public regional promotional bank of the German Federal State of Saxony. The loan will be used to support SAB's promotional lending for smaller scale projects carried out by municipalities and other public sector entities or public utilities.
Objectives
The project will help to finance smaller projects carried out by municipalities and other public sector entities or public utilities in order to support sustainable growth in the Free State of Saxony which is largely an EIB Cohesion Priority Region.
Comments
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 50 million
Total cost (Approximate amount)
not applicable
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 27/10/2017
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).