Baku, Azerbaijan, April 10. The European
Investment Bank Group and ABN AMRO have signed a synthetic
securitisation agreement aimed at enabling over 1.2 billion euros
in new financing for Dutch small and medium-sized enterprises
(SMEs) and Mid-Caps, Trend reports.
According to the bank, a portion of the funds will support
environmentally sustainable projects.
The agreement covers a portfolio of more than 1 billion euros in
existing loans. Under the structure, the EIB Group provides credit
risk protection, allowing ABN AMRO to free up capital for new
lending at favourable rates.
The transaction involves the European Investment Fund (EIF)
providing guarantees on the mezzanine and senior tranches, with the
European Investment Bank (EIB) counter-guaranteeing part of the
exposure. At least 30% of the new lending will go toward projects
aligned with climate action and environmental sustainability.
This is the first synthetic securitisation between ABN AMRO and
the EIB Group and the largest such transaction in the EIB Group’s
history. It builds on a long-standing partnership to improve access
to finance for Dutch businesses.
The lending will be subject to ABN AMRO’s approval process, with
loan discounts available under certain conditions.