EIB Group and BBVA mobilise €1.3 billion in financing to support SMEs and mid-caps in Spain
Spain, Oct. 21 -- The European Investment Bank Group (EIB Group), comprising the European Investment Bank (EIB) and the European Investment Fund (EIF), has invested €259 million in two BBVA synthetic securitisation transactions (SRTs).This investment allows BBVA to mobilise approximately €1.3 billion to facilitate access to finance, primarily for SMEs and entrepreneurs in Spain, particularly in cohesion regions. The transaction also includes an allocation earmarked for mid-cap companies.The transaction will help these companies meet their working capital needs and cover liquidity shortfalls and will enable them to carry out investment plans that might otherwise be delayed by rising interest rates. More than €200 million wi...
To read the full article or to get the complete feed from this publication, please
Contact Us.