ICO HOUSING ENERGY EFFICIENCY SFSB (EIB-20170210)

Countries
  • Spain
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
Kingdom of Spain
The holder of the loan, grant, or other investment.
Sectors
  • Energy
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 171.01 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 150 million
Converted using 2018-08-13 exchange rate.
Project Cost (USD)
$ 570.04 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 500 million
Converted using 2018-08-13 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Sep 11, 2018

Disclosed by Bank Aug 13, 2018


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Project Description

The project consists of a financing to ICO to support the energy efficiency, accessibility and urban regeneration programmes of Spain's 2018-2021 State Housing Plan. This project falls under the Smart Finance for Smart Buildings (SFSB) Initiative, a joint initiative of the EIB Group and the European Commission (EC) aiming at supporting Energy Efficiency investments in buildings.

This project will help the financing of small/medium projects carried out by housing associations, individuals, small and medium-sized enterprises, mid-caps and local authorities in the context of Spain's 2018-2021 State Housing Plan.

Investment Description
  • European Investment Bank (EIB)
Private Actors

Banco de España operates as a central bank of Spain. Its functions include defining and implementing Euro system's monetary policy, conducting currency exchange operations, promoting the working of payment systems in Euro area, issuing legal tender banknotes, preparation and the publication of statistics relating to its functions, provision of treasury services and financial agent for government debt, adviser to the government, and preparing reports and studies.

Contact Information

*Contact information not provided at the time of disclosure*

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