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    Reference: 20160627
    Release date: 14 November 2016

    Promoter – Financial Intermediary

    Acceptable Corporates

    Description

    Risk-sharing investment platform promoted by Cassa Depositi e Prestiti (CDP), the Italian national promotional bank, to support lending to Italian mid-caps through participating Italian financial institutions.

    Objectives

    The proposed operation consists of an investment platform to provide full and/or partial delegation, de-linked and/or linked, unfunded and/or funded risk-sharing instruments to participating Italian financial institutions on portfolios of senior loans to small and medium-sized enterprises (SMEs) with large investment projects and mid-caps. This investment platform is expected to improve the access to finance of Italian SMEs (with investments above EUR 7.5m) and mid-caps and encourage investments.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    not disclosed

    Total cost (Approximate amount)

    EUR 700 million

    Environmental aspects

    In accordance with the Bank's policy to ensure that sub-loans comply with the EU acquis, in particular in the fields of environment and public procurement, the Bank will require the intermediary institution to take all requisite measures to ensure that the environment and procurement procedures carried out by the final recipients under the new portfolio comply with the relevant EU legislation and the applicable national legislation, provided that it is in conformity with EU rules.

    Procurement

    The promoter and final beneficiaries are private companies not operating in the utilities sector and not having the status of a contracting authority. The EU directives on public procurement are not applicable.

    Status

    Approved - 13/12/2016

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Credit lines