Release date: 12 March 2025
Promoter – Financial Intermediary
BANCO BILBAO VIZCAYA ARGENTARIA SALocation
Description
The operation consists of a synthetic securitisation under InvestEU of a portfolio originated by BBVA to support green projects carried out by small, medium-sized enterprises (SMEs) and mid-caps in Spain.
Objectives
The aim is to finance energy efficiency projects, in particular the construction of nearly zero energy buildings (NZEB+) residential buildings carried out by the final beneficiaries (real estate developers).
Sector(s)
- Industry - Construction
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
EUR 286 million
Environmental aspects
The proposed operation falls within the scope of the EIB's Environmental and Social Standards - "Standard 11 Intermediated Finance". The Borrower / Financial Intermediary has adequate capacity, systems and processes in place for identifying, assessing, managing and monitoring environmental, climate and social (ECS) risks related to the potential sub-projects benefitting from EIB support. The Final beneficiaries will be required to comply with applicable national and EU legislation in respect of environmental and social matters, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 31/03/2025
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).