Search EN menu en EIB GROUP CLIENT PORTAL
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages
Reference: 20200303
Release date: 10 February 2023

Promoter – Financial Intermediary

CAIXABANK SA

Location

Description

Counter-guarantee on a first loss piece (FLP) of a synthetic securitisation under the European Guarantee Fund mandate to support small and medium-sized projects carried out by small and medium-sized enterprises mainly located in Spain, but also in other EU countries.

Objectives

The operation concerns a first loss piece guarantee of up to €100 million on a granular synthetic securitisation for the ultimate benefit of Caixabank S.A.. It is presented under the EGF - EU PL - LOAN SUBSTITUTE INSTRUMENT (2021-0635) with the aim to directly address the working capital, liquidity needs and investment constraints of small and medium-sized enterprises in the EU. The Programme Loan for EGF Loan Substitute ("EGF-ABS") operations was designed with the purpose to mobilise new lending for small and medium-sized enterprises.

Sector(s)

Proposed EIB finance (Approximate amount)

EUR 112 million

Total cost (Approximate amount)

EUR 1418 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 national and EU legislation, as appropriate.

Status

Signed - 28/06/2022

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).

Related tags

Spain Credit lines