Release date: 10 July 2019
Promoter – Financial Intermediary
SAECHSISCHE AUFBAUBANK - FOERDERBANKLocation
Description
Multiple Beneficiary Intermediated Loan to the public regional promotional bank Saechsische Aufbaubank (SAB) in support of its promotional lending to finance smaller scale projects carried out by municipalities and other public sector entities - including their subsidiaries - in order to support sustainable growth in the Free State of Saxony which is largely an EIB Cohesion Priority Region.
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.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 100 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 - 26/11/2019
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).