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Signature(s)

Amount
€ 99,900,000
Countries
Sector(s)
Portugal : € 99,900,000
Urban development : € 99,900,000
Signature date(s)
12/05/2020 : € 99,900,000
Link to source

Summary sheet

Release date
25 March 2020
Status
Reference
Signed | 12/05/2020
20190605
Project name
Promoter - financial intermediary
UCI GREEN ENERGY MORTGAGES MBIL SFSB
UNION DE CREDITOS INMOBILIARIOS SA ESTABLECIMIENTO FINANCIERO DE CREDITO
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 100 million
not applicable
Location
Sector(s)
Description
Objectives

The project consists of a Multi-Beneficiary Intermediated Loan (MBIL) to Union de Creditos Inmobiliarios (UCI), which will commit to originate a new portfolio of new loans in line with EIB requirements. The operation follows the EIB participation in the senior tranche of a Residential Mortgage-Backed Security (RMBS).

The debt financing, made available to private owners domiciled in Spain or Portugal, will be used, among others, to finance the energy efficiency renovation of existing residential properties and the construction of new Nearly Zero-Energy Buildings, as well as small/medium scale energy efficiency projects carried out in existing residential properties.

Environmental aspects
Procurement

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.

Link to source

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).

Documents

Environmental and Social Data Sheet (ESDS) - UCI GREEN ENERGY MORTGAGES MBIL SFSB
Publication Date
24 May 2020
Document language
Main Topic
Lending
Document Number
129377743
Document Focus
Environmental Information
Project Number
20190605
Sector(s)
Regions
Countries
Publicly available
Download now

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Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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