CSAS SME AND MIDCAP MEZZANINE ABS

Promoter – Financial Intermediary

CESKA SPORITELNA AS

Location

• Czechia

Description

Guarantee for a mezzanine tranche of a synthetic securitisation of an SME portfolio with a project dedicated to financing of small and medium-sized enterprises (SMEs) and mid-caps.

Additionality and Impact

The operation will target investments in SMEs and Mid-Caps in Czech Republic thereby supporting the EU's and Bank's priorities in supporting SMEs and Mid-Caps. In addition, the finance unlocked by the EIB benefits cohesion areas (80%, split half-half in between Less Developed regions and Transition regions) and thus helps reduce regional disparities as per the EU's cohesion policy. Implementation is handled by an intermediary that has in-depth experience with implementing EIB products through a network of branches in the targeted regions. The EIB's contribution will be most visible on the financial contribution side by accelerating the fundraising and crowding in other financiers.

Objectives

Financing small and medium-sized projects carried out by small and medium-sized enterprises (SMEs) and mid-caps.

Sector(s)

• Credit lines - Credit lines

Proposed EIB finance (Approximate amount)

CZK 2500 million (EUR 99 million)

Total cost (Approximate amount)

CZK 10000 million (EUR 396 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 - 19/12/2024