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CDTI INNOVATIVE MIDCAPS GUARANTEE.

Release date - 05 July 2016

Location - Spain

Sector(s) - Credit lines

Status - Under appraisal

Proposed EIB finance (Approximate amount) - EUR 100 million

Total cost (Approximate amount) - EUR 280 million

Description

EIB guarantee in favour of Centro para el Desarrollo Tecnolgico Industrial (CDTI) for up to 50% of the principal and ordinary interest under a newly created portfolio of eligible loans to mid-caps, on a loan-by-loan basis.

The loans covered by this guarantee will have a total nominal amount of EUR 200m and will be granted to innovative mid-caps (companies with between 250 and 3,000 employees) for the financing of research and development (R&D) and innovation projects.

Objectives

The project aims to enhance CDTI's risk-taking capacity so it can finance more innovative private companies, in higher amounts and with lower security requirements.

Environmental aspects

The Bank will require that projects financed under this operation comply with applicable domestic and EU legislation, as appropriate.

Procurement

The Bank will require that projects financed under this operation comply with applicable domestic and EU legislation, as appropriate.

Project completion date : 2018-12-31 12:00:00

Major organization : CENTRO PARA EL DESARROLLO TECNOLOGICO INDUSTRIAL ("CDTI")

Address : C / Cid 4-28001, Madrid

Country :Spain

Url : https://www.cdti.es/

Financier : EUROPEAN INVESTMENT BANK (EIB),

Financier address : European Investment Bank

98-100, boulevard Konrad Adenauer

L-2950 Luxembourg

Website : www.eib.org/

Tel : (+352) 43 79 1

Fax : (+352) 43 77 04

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Publication:Mena Report
Date:Jul 7, 2016
Words:245
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