RESIDENTIAL CARE CENTRES IN FLANDERS (EIB-20160026)

Countries
  • Belgium
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
VIPA (Vlaams Infrastructuurfonds voor Persoonsgebonden Aangelegenheden)
The holder of the loan, grant, or other investment.
Sectors
  • Education and Health
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 222.76 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 200.00 million
Converted using 2016-05-31 exchange rate.
Project Cost (USD)
$ 445.52 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 400.00 million
Converted using 2016-05-31 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS May 15, 2017

Disclosed by Bank May 31, 2016


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Project Description
The EIB is considering providing a symmetric risk sharing guarantee (with partial delegation) to be issued for the benefit of acceptable commercial banks in Belgium. According to bank projects, the project objective is to support bank lending activities for the modernization of eligible residential care centers in Flanders. The individual projects could include the construction of new facilities, the refurbishment of existing ones and the acquisition of necessary fixed furniture.
Investment Description
  • European Investment Bank (EIB)
Contact Information
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