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Reference: 20220769
Release date: 21 June 2023

Promoter – Financial Intermediary

BANCO BILBAO VIZCAYA ARGENTARIA SA

Location

Description

EIB participation in mezzanine tranches of a Cash ABS transaction to finance green projects in Spain.

Additionality and Impact

The project will support the green transition by financing new energy efficient buildings (the operation will thus have a 100% climate contribution). EIB contribution takes the form of financial benefit and longer tenors. By providing new credit lines to SMEs and Mid-Caps via an established intermediary, the EIB can play a counter-cyclical role, preserve employment and positively contribute to the recovery of the Spanish economy. EIB investment, through a securitization, will crowd-in public and private investors. BBVA has a good track record in allocating EIB funds to support sound projects dedicated to SMEs and Mid-Caps.

Objectives

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

Sector(s)

Proposed EIB finance (Approximate amount)

EUR 50 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 - 22/06/2023

Milestone
Under appraisal
Approved
Signed
21 June 2023
22 June 2023

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

Spain Industry