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    Reference: 20190605
    Release date: 25 March 2020

    Promoter – Financial Intermediary

    UNION DE CREDITOS INMOBILIARIOS SA ESTABLECIMIENTO FINANCIERO DE CREDITO

    Location

    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)

    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 data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Portugal Spain Urban development