The European Investment Bank (EIB) is considering a 250m investment in a credit line available for Austrian SMEs through UniCredit Bank Austria.
The EIB investment is the senior tranche of a leasing securitisation to support UniCredit Bank Austria and its leasing subsidiary’s lending and lease financing to small and medium-sized enterprises (SMEs) and mid-ticket business primarily in Austria, said the EIB in a statement.
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The EIB said it would work toward the financing of small and medium projects carried out by small and medium-sized enterprises, mainly in Austria.
In September last year UniCredit Leasing launched a 1.3bn leasing securitisation.
The debt bonds marked the first Italian public offering of an asset-backed securitisation since the beginning of the global financial crisis in 2007.
The public securitisation gave the company a substantial boost to its capital, which the bank says will be used to help SME’s in Italy in accordance with an initiative by the European Investment Bank (EIB) and European Investment Fund (EIF).
