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    Reference: 20200351
    Release date: 13 October 2020

    Promoter – Financial Intermediary

    CAIXA ECONOMICA MONTEPIO GERAL CAIXA ECONOMICA BANCARIA SA

    Location

    Description

    The operation will support the implementation of urgent response measures aiming to mitigate the impact of the COVID-19 pandemic in Portugal by means of a capital relief transaction achieved through an EIB guarantee to a senior tranche of a synthetic securitisation (corporate loans portfolio), aimed at supporting the financing of new loans to small and medium-sized enterprises (SMEs) and mid-caps dedicated to fund investments, working capital and liquidity needs.

    Objectives

    Financing of small/medium projects carried out by small and medium-sized enterprises (SMEs) in Portugal.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 200 million

    Total cost (Approximate amount)

    EUR 400 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 - 18/12/2020

    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 Credit lines