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Reference: 20130629
Release date: 21 July 2014

Promoter – Financial Intermediary

COMMERZBANK AG

Location

Description

This Mid-Cap Guarantee (MCG) operation will be set-up as a risk sharing instrument under the new Horizon 2020 financial instrument (ex-RSFF). The operation will be used to provide a 50% credit risk protection on a loan-by-loan basis to Commerzbank (COBA). The guaranteed loans will be granted by COBA to innovative Mid-caps having eligible expenditures. The purpose of the operation is to increase COBA’s capacity to lend to innovative Mid-caps, thanks to the capital released on the guaranteed loans.

Objectives

Financing of small/medium projects carried out by small and medium sized enterprises.

Comments

N/A

Sector(s)

Proposed EIB finance (Approximate amount)

EUR 200 million

Total cost (Approximate amount)

Not applicable.

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 - 3/11/2014

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).

Related tags

Germany Credit lines