Release date: 10 February 2017
Promoter – Financial Intermediary
FARMAFACTORING ESPANA SALocation
Description
The proposed operation concerns a linked risk-sharing guarantee instrument to be provided to a specialised factoring company with the aim of expanding its supply chain financing programme in Spain, enabling alternative access to finance for small and medium-sized enterprises (SMEs) and mid-caps.
Objectives
The operation will improve access to finance for SMEs and mid-caps via a discount of commercial invoices.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 300 million
Total cost (Approximate amount)
EUR 2520 million
Environmental aspects
The side letter to the guarantee contract will provide allocation conditions to ensure compliance with the Bank's standard environmental and social requirements.
Procurement
The Bank will require that projects financed under this operation comply with applicable domestic and EU legislation, as appropriate.
Status
Signed - 10/07/2017
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).