FLEET RENEWAL LOAN COVID-19 SMES & MIDCAPS SCF (EIB-20200458)

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
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.
Voting Date
Jul 10, 2020
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
SANTANDER CONSUMER FINANCE SA
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)
$ 113.01 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 100 EUR
Converted using 2020-07-10 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Jun 26, 2021

Disclosed by Bank May 27, 2020


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Project Description

This project will finance investments in fleet acquisition and renewal, including commercial fleet for land transport and agricultural machinery. This multi-beneficiary intermediated loan is a sub-operation under the parent Programme Loan: FLEET RENEWAL PROGRAMME FOR SMES & MIDCAPS SPAIN (project number 2018-0456).

 

Investment Description
Financial Intermediary
Financial Intermediary: A commercial bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.

Contact Information

Project contacts not made available at the time of disclosure.*

 

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