Release date: 18 September 2024
Promoter – Financial Intermediary
BANCO DE SABADELL SALocation
Description
The operation consists in the purchase of a mezzanine tranche of a true-sale securitisation to stimulate lending to small, medium sized businesses and midcaps. This is a sub-operation presented under the EU Programme Loan for ABS Operations (2022-0538).
Objectives
The Multi-beneficiary intermediated loan (MBIL) to Banco de Sabadell aims to support investments promoted by the target beneficiaries.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 50 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 - 24/09/2024
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).