FLEET RENEWAL COVID-19 SMES & MIDCAPS SAN & SCF (EIB-20200780)

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
BANCO SANTANDER SA,SANTANDER CONSUMER FINANCE SA
The holder of the loan, grant, or other investment.
Sectors
  • Education and Health
  • 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)
$ 117.76 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 117.76 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 100 million
Converted using 2021-03-25 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Mar 29, 2021

Disclosed by Bank Mar 25, 2021


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Project Description

According to EIB website, the EIB loan aims to finance investments in fleet acquisition and renewal, including commercial fleet for land transport and agricultural machinery. This Multi-Beneficiary Intermediated Loan (MBIL) is a sub-operation under the Programme Loan FLEET RENEWAL PROGRAMME FOR SMES & MIDCAPS SPAIN (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

No contact information provided at the time of disclosure. 

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.eib.org/en/infocentre/registers/request-form/request-form-default.htm

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