Release date: 16 April 2020
Promoter – Financial Intermediary
ACCEPTABLE BANK(S),ACCEPTABLE CORPORATE(S)Location
Description
The project consists of a Programme Loan dedicated to support SME/MidCap investments, working capital and short-term liquidity needs through the participation in non-investment grade mezzanine tranches of securitization structures. This operation is part of the economic response to the COVID-19 outbreak coordinated with the EC.
Objectives
The aim is to mobilise funding resources to mitigate the impact of the COVID-19 epidemic on European SMEs and Midcaps. Sub-operations will be loans for SMEs and Midcaps to acceptable financial intermediaries, National and Regional Promotional Banks. Each sub-operation could be accompanied by other measures provided by relevant authorities.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 2000 million
Total cost (Approximate amount)
EUR 14000 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 nationaland EU legislation, as appropriate.
Status
Approved - 23/04/2020
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).