The European Investment Bank Group, formed by the European Investment Bank (EIB) and European Investment Fund (EIF), have granted BBVA EUR 98 million guaranteed, on a mezzanine tranche of a EUR 1.95 billion portfolio, that will enable the provision of up to EUR 600 million to finance new investment projects of small Spanish businesses.
This is the second mezzanine guarantee operation in a synthetic SME securitization in which the EIB and EIF are jointly participating in Spain. The agreement was made possible by the support of the European Fund for Strategic Investments (EFSI).
