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The proposed guarantee operation would be structured as a risk-sharing instrument to cover up to 50% of credit risk associated with a portfolio of existing corporate loans outstanding on HBOR's balance sheet. As a condition and with the resources made available by the guarantee, HBOR will grant new loans to mid-caps and other eligible promoters. The new loans will not be covered by the guarantee.
The proposed guarantee instrument is designed to facilitate the financial intermediary to finance new loans for mid-caps and other priority projects.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.