Status : Active Phase : Planning (Under appraisal) Reference: 20130629 Release date: 21 July 2014 Promoter Financial Intermediary : COMMERZBANK AG Location : Germany Sector(s) : Credit lines Proposed EIB finance (Approximate amount) : EUR 200 million Description : This Mid-Cap Guarantee (MCG) operation will be set-up as a risk sharing instrument under the new Horizon 2020 financial instrument (ex-RSFF). The operation will be used to provide a 50% credit risk protection on a loan-by-loan basis to Commerzbank (COBA). The guaranteed loans will be granted by COBA to innovative Mid-caps having eligible expenditures. The purpose of the operation is to increase COBA%s capacity to lend to innovative Mid-caps, thanks to the capital released on the guaranteed loans. Objectives : Financing of small/medium projects carried out by small and medium sized enterprises. Environmental aspects : Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate. Procurement : Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Project completion date : 2015-07-31 12:00:00
Major organization : COMMERZBANK AG
Address : 60261 Frankfurt/Main Germany Website : www.commerzbank.com
Financier : European Investment Bank (EIB),
Financier address : Financier : 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