Release date: 29 September 2021
Promoter – Financial Intermediary
BANQUE FEDERATIVE DU CREDIT MUTUELLocation
Description
The operation is a EUR 250 million multiple beneficiary intermediated loan which aims at facilitating access to long-term finance for projects carried out by professionals/small and medium-sized enterprises (SMEs) active in the healthcare and pharmaceutical sectors in France with a 5% window dedicated to regions where access to medical experts is sub-optimal/underserved.
Additionality and Impact
The proposed operation will support investments carried out by SMEs operating in the healthcare sector in France.
Thanks to EIB intervention, competition between FIs active on this market in France will be enhanced whilst funding conditions for healthcare professionals will be improved (pricing decrease is contractually stated) insuring a better access to finance to Final Beneficiaries.
The propose operation is also expected to improve citizen's access to medical professional across the territory by supporting the launch of new business in the healthcare sector, especially in underserved regions.
Objectives
Financing of small/medium projects carried out by professionals and SMEs active in the healthcare and pharmaceutical sectors in France.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 250 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 - 16/12/2021
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).