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    Reference: 20190656
    Release date: 27 May 2020

    Promoter – Financial Intermediary

    BANCA POPOLARE DELL'ALTO ADIGE SPA

    Location

    Description

    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.

    Objectives

    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.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 70 million

    Total cost (Approximate amount)

    EUR 400 million

    Environmental aspects

    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.

    Procurement

    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.

    Status

    Signed - 9/09/2020

    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

    Italy Credit lines