ISP LOAN FOR CIRCULAR ECONOMY (EIB-20180715)

Countries
  • Italy
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
INTESA SANPAOLO SPA
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 Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 285.06 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 250 million
Converted using 2019-01-25 exchange rate.
Loan Amount (USD)
$ 285.06 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 570.12 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 2019-01-25 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Mar 12, 2019

Disclosed by Bank Feb 19, 2019


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Project Description

According to EIB website, the project consists of a framework loan financing Circular Economy projects carried out by SMEs and Midcaps in line with Intesa Sanpaolo's Circular Economy programme. It comprises a multi-scheme Framework Loan in Italy to co-finance projects that support the circular transition. These projects, to be carried out in various sectors such as food, energy, mobility, fashion, built environment, consumer goods and industrial manufacturing, will also represent several circular business models, ranging from resource recovery to product-to-service and leasing/sharing models.

Investment Description
  • European Investment Bank (EIB)
Private Actors

Intesa Sanpaolo S.p.A. provides various banking products and services. It operates through Banca dei Territori, Banking, Internat Subsidiary Banks, Private Banking, and Asset Management business units. The company offers lending and deposit products; corporate, investment banking, and public finance services; industrial credit, factoring, and leasing services; asset management solutions; life and non-life insurance products; and bancassurance and pension fund, and fiduciary services.

Contact Information

No contact information provided at the time of disclosure. 

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