Release date: 15 July 2020
Promoter – Financial Intermediary
COMMERZBANK AGLocation
Description
Guarantee on an existing portfolio of assets, aimed at supporting new financing for small and medium-sized enterprises (SMEs) and mid-caps in Germany. The operation is a response to the COVID-19 pandemic under the programme "EUR PL ABS COVID19 Response for SME&MIDCAPS 2020-0267."
Objectives
Guarantee on an existing portfolio of assets, aimed at supporting new financing for SMEs and mid-caps in Germany. The operation is a response to the COVID-19 pandemic under the programme "EUR PL ABS COVID19 Response for SME&MIDCAPS 2020-0267."
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 125 million
Total cost (Approximate amount)
EUR 698 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 - 25/09/2020