The European Investment Fund (EIF), part of the European Investment Bank (EIB) Group, has signed a €200 million securitisation transaction with CaixaBank to expand financing opportunities for small and medium-sized enterprises (SMEs) and mid-sized companies in Spain. The agreement is expected to enable CaixaBank to provide approximately €270 million in new financing to support business growth and investment.
The EIF’s participation is structured through a bilateral guarantee with a third-party investor, encouraging greater collaboration between public and private investors in the securitisation market. The transaction is designed to strengthen market integration while supporting the European Union’s objective of developing a stronger savings and investment union.
The agreement highlights the EIF’s role in promoting innovative financial instruments that help financial institutions free up capital and increase lending capacity for businesses. By reducing risk for lenders, the transaction aims to improve access to finance for Spanish SMEs and mid-caps, supporting entrepreneurship, expansion, and economic development.
The asset-backed securities (ABS) transaction features a structured financing framework that includes multiple note classes, excess spread, pro-rata amortisation subject to performance conditions, and a replenishment period of 13 months.
The latest partnership reflects the EIB Group’s continued commitment to improving access to finance across Europe by mobilising private investment and supporting sustainable economic growth through innovative financial solutions.
