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    Reference: 20200267
    Release date: 16 April 2020

    Promoter – Financial Intermediary

    ACCEPTABLE BANK(S),ACCEPTABLE CORPORATE(S)

    Location

    Description

    The project consists of a Programme Loan dedicated to support SME/MidCap investments, working capital and short-term liquidity needs through the participation in non-investment grade mezzanine tranches of securitization structures. This operation is part of the economic response to the COVID-19 outbreak coordinated with the EC.

    Objectives

    The aim is to mobilise funding resources to mitigate the impact of the COVID-19 epidemic on European SMEs and Midcaps. Sub-operations will be loans for SMEs and Midcaps to acceptable financial intermediaries, National and Regional Promotional Banks. Each sub-operation could be accompanied by other measures provided by relevant authorities.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 2000 million

    Total cost (Approximate amount)

    EUR 14000 million

    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 nationaland EU legislation, as appropriate.

    Status

    Approved - 23/04/2020

    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

    EU Countries Credit lines