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    Reference: 20200451
    Release date: 29 September 2020

    Promoter – Financial Intermediary

    INTESA SANPAOLO SPA

    Location

    Description

    Guarantee to a mezzanine tranche on an Intesa Sanpaolo granular portfolio of small and medium-sized enterprise (SME) loans in order to support new lending to SMEs and mid-caps in Italy. This operation will also contribute to mitigating the effects of the COVID-19 crisis as a large portion of the new SME portfolio (estimated at more than 60%) will originate in the severely affected regions of Lombardy, Veneto and Emilia Romagna.

    Objectives

    The operation aims at enhancing access to finance for the specific market segment. In detail, the transaction, an unfunded mezzanine investment, is a de-linked product aiming at relieving capital on an existing loan portfolio which will be redeployed into new financing.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 90 million

    Total cost (Approximate amount)

    EUR 627 million

    Environmental aspects

    The EIB will require that Intesa Sanpaolo S.p.A. take all the required measures to ensure that final recipients (SMEs and mid-caps) meet the EIB's environmental standards and related EU/national legislation.

    Procurement

    The EIB will require that Intesa Sanpaolo S.p.A. take all the required measures to ensure that final recipients (SMEs and mid-caps) meet the EIB's procurement standards and related EU/national legislation.

    Status

    Signed - 30/09/2020

    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

    Italy Credit lines