The European Investment Bank (EIB) has signed a €569.5 million securitization deal with Santander that will help the bank direct around €1.08 billion to financing the green transition and competitiveness of small and medium-sized businesses in Spain, the EIB announced. Of the total, €200 million will finance construction of near-zero emission buildings by small businesses and mid-caps in the real estate sector, while €70 million will support companies where shareholders or management teams are mostly women.
The EIB will contribute €309.5 million to the operation, while the European Investment Fund will provide €260 million. €200 million of the EIF’s share will come through a bilateral guarantee with ING. The entire EIB Group investment is being made through a single securitization operation in which other private investors have also joined.
The deal shows the EIB Group’s role in promoting financial instruments like securitization, which help unlock capital for green projects, cut risk for financial institutions, and strengthen the EU capital markets union—one of the EIB Group’s strategic priorities. The operation also contributes to other priorities including climate action, environmental sustainability, and social and territorial cohesion.
