ANNOUNCEMENT 07 Dec 2018On 07 December 2018, the EIB provided financing worth EUR 54 million (USD 61 million).
NUMBER OF INTERVENTIONS
EIB, Project financing summary, 'Alior Mezzanine Abs for SMEs and Mid-Caps', 07 December 2018.
EIB, Project summary, 'Alior Mezzanine Abs for SMEs and Mid-Caps', 07 December 2018.
EIB, Financed projects list
The EFSI is a joint initiative by the EIB and the European Commission to promote investment in Europe, acting as the main pillar of the Investment Plan for Europe. It provides first-loss guarantees enabling the EIB to invest in more and often riskier projects. The loan described above was issued under the EFSI and thus benefits from a full guarantee through the EU budget.
EFSI support does not fall under EU State Aid rules as it is meant as a tool to address 'market failures or sub-optimal investment situations'. However, the investment support does include favourable conditions in the form of public assumption of risk.
According to the project description issued by the EIB, A guarantee to a mezzanine tranche of a synthetic securitization transaction (corporate loans portfolio), aimed at supporting the financing of new loans to SMEs and Mid-Caps..
The objective of the project is defined as following: The objective is to enhance access to finance for SMEs and Midcaps..
A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory.