Intesa Sanpaolo completes €2bn SME risk transfer with EIB

By Tom Brown
19 Oct 2020

Intesa Sanpaolo has issued a €2bn risk transfer securitization to help fund Italian SMEs, boosted by an investment from the EIB and the EIF.

The deal, dubbed GARC SME 9, will allow businesses to access €450m of new loans, which can also be granted in combination with government guarantees from the Central Bank of Italy.

The EIB and the EIF completed a €90m mezzanine guarantee referencing the €2bn static portfolio in order ...

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