Release date: 27 May 2020
Promoter – Financial Intermediary
BANCA POPOLARE DELL'ALTO ADIGE SPA
The project consists of a guarantee to a lower mezzanine tranche of a Banco Popolare dell'Alto Adige (BPAA) granular portfolio in order to support new investments, working capital and short-term liquidity needs of SMEs and Midcaps in Italy. The operation is part of a dedicated Programme Loan and part of the economic response to the COVID-19 outbreak coordinated with the European Commission.
The operation aims at enhancing access to finance for the specific market segment. In detail, the transaction is an unfunded Asset Backed Securities mezzanine investment, is a de-linked product aiming at relieving capital on existing loan portfolio which will be redeployed into new financing.
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 70 million
Total cost (Approximate amount)
EUR 400 million
The EIB will require that BPAA take all the required measures to ensure that final recipients (SMEs and MidCaps) meet EIB's environmental standards and related EU/national legislation.
The EIB will require that BPAA take all the required measures to ensure that final recipients (SMEs and MidCaps) meet EIB's procurement standards and related EU/national legislation.
Signed - 9/09/2020
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).