Release date: 23 November 2021
Promoter – Financial Intermediary
BANCO SANTANDER SALocation
Description
Risk-sharing operation under the European Guarantee Fund (EGF) to support Spanish mid-caps and small and medium-sized enterprises (SMEs) in sectors that are in line with the EIB's long-term mission (SME support, innovation, and environment ) affected by the COVID-19 pandemic.
Objectives
The proposed operation concerns a guarantee scheme under the EGF, which will support the financing of Spanish SMEs and mid-caps affected by the COVID-19 pandemic. The operation falls under the EGF - EU PL RISK SHARING INSTRUMENT (2020-0618) Programme Loan.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 200 million
Total cost (Approximate amount)
EUR 653 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 - 27/12/2021