Release date: 13 October 2020
Promoter – Financial Intermediary
CAIXA ECONOMICA MONTEPIO GERAL CAIXA ECONOMICA BANCARIA SALocation
Description
The operation will support the implementation of urgent response measures aiming to mitigate the impact of the COVID-19 pandemic in Portugal by means of a capital relief transaction achieved through an EIB guarantee to a mezzanine tranche of a synthetic securitisation (corporate loans portfolio), aimed at supporting the financing of new loans to small and medium-sized enterprises (SMEs) and mid-caps dedicated to fund investments, working capital and liquidity needs.
Objectives
Financing of small/medium projects carried out by small and medium-sized enterprises (SMEs) in Portugal.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 71 million
Total cost (Approximate amount)
EUR 300 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 - 18/12/2020
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).