Release date: 5 June 2013
Promoter – Financial Intermediary
INSTITUTO DE CREDITO OFICIALLocation
Description
Dedicated structure for financing small and medium size investments carried out by SMEs in Spain. The proposal is structured in the form of an EIF/EIB guarantee for a series of ABS schemes under which ICO acts as liquidity provider. Funds released via the EIF/EIB guarantee will be on-lent to SMEs by ICO under standard procedures for Global loan for SMEs.
Objectives
Improving access to term finance at favourable conditions.
Comments
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 300 million
Total cost (Approximate amount)
EUR 600 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 - 14/08/2013
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).