Release date: 25 June 2020
Promoter – Financial Intermediary
HYPO VORARLBERG BANK AGLocation
Description
The project consists in a loan substitute operation in the form of a guarantee covering the mezzanine tranche on a granular SME portfolio originate by Hypo Vorarlberg. The guarantee instrument is designed to facilitate the financial intermediary to finance new loans dedicated to energy efficiency investments and development of highly energy efficient buildings across Austria.
Objectives
The aim is to support the financing of new loans targeting the construction of new highly energy efficient buildings and energy efficiency investments in existing buildings.
Sector(s)
- Industry - Construction
Proposed EIB finance (Approximate amount)
EUR 56 million
Total cost (Approximate amount)
EUR 150 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 - 20/11/2020
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).