Original disclosure @ EIB website
Updated in EWS Apr 6, 2023
Disclosed by Bank May 31, 2022
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According to the Bank’s website, the project consists of the first loss piece guarantee on a synthetic securitisation structure to support small and medium-sized projects carried out by small and medium-sized enterprises (SMEs) located in Spain.
The operation concerns a first loss piece guarantee of up to EUR 60 million on a granular synthetic securitisation for the ultimate benefit of BANCO BILBAO VIZCAYA ARGENTARIA S.A.. It is presented under the EGF - EU PL - LOAN SUBSTITUTE INSTRUMENT (2021-0635) with the aim to directly address the working capital, liquidity needs and investment constraints of EU SMEs. The Programme Loan for EGF Loan Substitute ("EGF-ABS") operations was designed with the purpose to mobilize new SME lending.
No contact information provided at the time of disclosure.
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