📋 Tender Overview
Reference: 20230909
Release date: 4 June 2024
Promoter – Financial Intermediary
CAIXA GENERAL DE DEPOSITOS SA
Location
Portugal
Description
The guarantee consists of a linked risk-sharing operation (LRS), own-resources; full delegation providing capital relief and risk protection to Caixa Geral de Depósitos (CGD) to support eligible midcaps and public sector entities primarily based in Portugal.
Objectives
The aim is to enhance access to finance to the target beneficiaries and ensure they continue to have the much needed liquidity to operate. The transaction fills a market gap by meeting the financial constraints of mid-caps facing economic uncertainty exacerbated by inflation, supply chain disruptions, energy security and lasting effects of the pandemic. The operation contributes to the EIB transversal Cohesion objective, estimating 64% of the Midcaps and Public Sector Entities beneficiaries to be in cohesion priority regions.
Sector(s)
Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 150 million
Total cost (Approximate amount)
EUR 420 million
Environmental aspects
The EIB requires that projects financed under this operation comply with EU applicable legislation, as appropriate and where applicable.
Procurement
The EIB requires that projects financed under this operation comply with EU applicable legislation, as appropriate and where applicable.
