CZ INITIATIVE FOR ENERGY EFFICIENCY & OTHER PRIORITIES (EIB-20160131)

Countries
  • Czech Republic
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
Approved
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
CESKA SPORITELNA AS
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 54.00 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 50 million
Converted using 2017-03-15 exchange rate.
Project Cost (USD)
$ 152.00 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 140 million
Converted using 2017-03-15 exchange rate.
Bank Documents
Primary Source

Original disclosure @ EIB website

Updated in EWS May 1, 2017

Disclosed by Bank Oct 10, 2016


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Project Description
According to bank documents, the project involves the "unfunded risk-sharing structure to enhance lending capacity of Ceska Sporitelna in favour of mid-caps (but not excluding other eligible corporates) in order to accelerate the pace of underlying investments in some key priority areas (such as energy, energy efficiency, research, development and innovation (RDI)) and others, such as agriculture." The operation will be structured as linked (new portfolio risk sharing). Bank documents state that the objective of this project is to accelerate lending towards eligible corporates, primarily focusing on renewable energy and energy efficiency. The transaction will be structured as a linked guarantee issued by the EIB in favour of Ceska sporitelna, on a loan-by-loan basis. The guarantee will allow Ceska sporitelna to increase its risk-taking capacity to build a portfolio of new financing targeting energy, energy efficiency and other priorities.
Investment Description
  • European Investment Bank (EIB)
Contact Information
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