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    Reference: 20160647
    Release date: 10 February 2017

    Promoter – Financial Intermediary

    FARMAFACTORING ESPANA SA

    Location

    Description

    The proposed operation concerns a linked risk-sharing guarantee instrument to be provided to a specialised factoring company with the aim of expanding its supply chain financing programme in Spain, enabling alternative access to finance for small and medium-sized enterprises (SMEs) and mid-caps.

    Objectives

    The operation will improve access to finance for SMEs and mid-caps via a discount of commercial invoices.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 300 million

    Total cost (Approximate amount)

    EUR 2520 million

    Environmental aspects

    The side letter to the guarantee contract will provide allocation conditions to ensure compliance with the Bank's standard environmental and social requirements.

    Procurement

    The Bank will require that projects financed under this operation comply with applicable domestic and EU legislation, as appropriate.

    Status

    Signed - 10/07/2017

    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

    Spain Credit lines