Release date: 25 March 2020
Promoter – Financial Intermediary
UNION DE CREDITOS INMOBILIARIOS SA ESTABLECIMIENTO FINANCIERO DE CREDITOLocation
Description
The project consists of a Multi-Beneficiary Intermediated Loan (MBIL) to Union de Creditos Inmobiliarios (UCI), which will commit to originate a new portfolio of new loans in line with EIB requirements. The operation follows the EIB participation in the senior tranche of a Residential Mortgage-Backed Security (RMBS).
Objectives
The debt financing, made available to private owners domiciled in Spain or Portugal, will be used, among others, to finance the energy efficiency renovation of existing residential properties and the construction of new Nearly Zero-Energy Buildings, as well as small/medium scale energy efficiency projects carried out in existing residential properties.
Sector(s)
- Urban development - Construction
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 - 12/05/2020
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).