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EIF and KFW support a new transaction of leases to German SMEs originated by abcfinance group

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    Date: 08 September 2017

The European Investment Fund (EIF) and KfW have invested in EUR 48 million of mezzanine and EUR 100 million of senior notes in a new German SME securitisation transaction. The transaction which is backed by a portfolio of SME leases, originated by abcfinance group Cologne, was arranged by Raiffeisen Bank International AG.

This transaction is under ENSI the EIF-NPIs Securitisation Initiative, which is a cooperation platform between EIF and National Promotional Institutions (NPIs), aiming to facilitate SMEs’ access to credit. The ENSI cooperation started in early 2016. To-date, one Portuguese, three UK, three German and five Italian transactions have been closed under this program.

The involvement of KfW and EIF allows abcfinance group to raise long term funding, which will be reinvested by granting new leases to German SMEs in the next two years.

Last year alone, EIF committed approximately EUR 1.6 billion to securitisation transactions, including support for mezzanine tranches and covering both funding and regulatory capital relief transactions. In 2016, KfW provided SME funding via securitisation investments worth EUR 1 billion.

About EIF

The European Investment Fund (EIF) is part of the European Investment Bank Group. Its central mission is to support Europe's micro, small and medium-sized businesses (SMEs) by helping them to access finance. EIF designs and develops venture and growth capital, guarantees and microfinance instruments which specifically target this market segment. In this role, EIF fosters EU objectives in support of innovation, research and development, entrepreneurship, growth, and employment.

About KfW

KfW is one of the world’s leading promotional banks. With its decades of experience, KfW is committed to improving economic, social and ecological living conditions across the globe on behalf of the Federal Republic of Germany and the federal states. To do this, it provided funds totaling EUR 81 billion in 2016 alone; and of this, 26% (EUR 21.4 bn) went into the promotion of small and medium-sized enterprises (SME) including individual entrepreneurs and start-ups. In addition to providing loans, equity and mezzanine financing, KfW supports capital market financing for SMEs by investing in related securitisations.

Press contacts:

EIF: David Yormesor
Tel.: +352 42 66 88 346
e-mail: d.yormesor@eif.org


 
 

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