Release date: 13 October 2020
Promoter – Financial Intermediary
CAIXA ECONOMICA MONTEPIO GERAL CAIXA ECONOMICA BANCARIA SALocation
Description
The operation will support the implementation of urgent response measures aiming to mitigate the impact of the COVID-19 pandemic in Portugal by means of a capital relief transaction achieved through an EIB guarantee to a senior tranche of a synthetic securitisation (corporate loans portfolio), aimed at supporting the financing of new loans to small and medium-sized enterprises (SMEs) and mid-caps dedicated to fund investments, working capital and liquidity needs.
Objectives
Financing of small/medium projects carried out by small and medium-sized enterprises (SMEs) in Portugal.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 158 million
Total cost (Approximate amount)
EUR 400 million
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 - 18/12/2020