📋 Tender Overview
Reference: 20250036
Release date: 26 February 2025
Promoter – Financial Intermediary
BANK OF SABADELL S.A.
Location
Spain
Description
The operation is structured as multiple beneficiary intermediated loan (MBIL) to support projects carried out by Public Sector Entities (PSE), small and medium-sized enterprises (SMEs) and mid-caps in Spain.
Objectives
The objective is to assist PBEs, SMEs, and mid-caps impacted by the severe floods in Spain, as well as those seeking financing from Sabadell to implement preventive measures to improve flood resilience against future floods.
Sector(s)
Industry - Water supply; sewerage, waste management and remediation activities
Proposed EIB finance (Approximate amount)
EUR 150 million
Total cost (Approximate amount)
not applicable
Environmental aspects
The proposed operation falls within the scope of the EIB's Environmental and Social Standards - "Standard 11 Intermediated Finance". The Borrower / Financial Intermediary has adequate capacity, systems and processes in place for identifying, assessing, managing and monitoring environmental, climate and social (ECS) risks related to the potential sub-projects benefitting from EIB support. Final beneficiaries will be required to comply with applicable national and EU legislation in respect of environmental and social matters, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Under appraisal
