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    Reference: 20200894
    Release date: 3 March 2021

    Promoter – Financial Intermediary

    INSTITUTO DE CREDITO OFICIAL

    Description

    Guarantee facility in support of small and medium-sized enterprises (SMEs) and mid-caps affected by the COVID-19 crisis mainly in Spain - Mezzanine tranche.

    Objectives

    The guarantee is expected to mobilise financing for Spanish SMEs and mid-caps affected by the COVID-19 pandemic.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    not disclosed

    Total cost (Approximate amount)

    EUR 7490 million

    Environmental aspects

    In accordance with the Bank's policy to ensure that sub-loans comply with the EU acquis, in particular in the field of environment, the Bank will require such intermediary institution to take all the requisite measures to ensure that the environment procedures carried out by the final recipients under the new portfolio will comply with the relevant EU environment legislation and the applicable national legislation, provided that it is in conformity with EU rules.

    Procurement

    In accordance with the Bank's policy to ensure that sub-loans comply with the EU acquis, in particular in the field of public procurement, the Bank will require such intermediary institution to take all the requisite measures to ensure that the procurement procedures carried out by the final recipients under the new portfolio will comply with the relevant EU procurement legislation and the applicable national legislation, provided that it is in conformity with EU rules.

    Status

    Approved - 22/07/2021

    Related tags

    Credit lines