Reference:
20200359
Release date: 1 July 2020
Release date: 1 July 2020
Promoter – Financial Intermediary
BANCO SANTANDER SALocation
Description
The project, as part of the EIB response to COVID-19 crisis, will supports SMEs and midcaps affected by the pandemic. In detail, the EIB will purchase the mezzanine tranche of a synthetic securitisation of a portfolio of SME loans originated by Santander Bank.
Objectives
The aim is to facilitate the access to finance of SMEs and midcaps and mitigate the negative economic effects of the Covid-19.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 143 million
Total cost (Approximate amount)
not applicable
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 - 24/09/2020