HYPO VORARLBERG MEZZANINE ABS FOR EE & NZEB

Promoter – Financial Intermediary

HYPO VORARLBERG BANK AG

Location

• Austria

Description

A joint EIB / EIF operation, in the form of a guarantee to a mezzanine tranche on a Hypo Vorarlberg granular small and medium-sized enterprise (SME) portfolio, aimed at supporting the financing of loans targeting energy efficiency investments of buildings and the development of nearly zero-energy buildings.

Objectives

The proposed guarantee instrument is designed to facilitate the financial intermediary to finance new loans dedicated to energy efficiency investments and development of nearly zero-energy buildings across Austria.

Sector(s)

• Industry - Construction
• Energy - Electricity, gas, steam and air conditioning supply

Proposed EIB finance (Approximate amount)

EUR 68 million

Total cost (Approximate amount)

EUR 200 million

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 - 15/12/2017