97.6% of the funded companies has been small and medium enterprises and entrepreneurs, the main sectors of the Catalan economy. The ICF has activated during the six first months of the year new lines of loans with €250 M to promote the promotion and acquisition of housings destined to social rent. During the first semester of 2018, the Group ICF has facilitated the financing, through loans and guarantees, to 746 companies for a total amount of €213 million, which €147.9 M have been formalized through the ICF and €65.1 M through Avalis de Catalunya, with the objective of contribute to the growth and to the sustainability of the Catalan economy.Read more
More than 300 micro-enterprises and agricultural producers have benefited from the lending and leasing opportunities through the EIF's Progress Mechanism on-lending program of the Bulgarian Development Bank. The program, which ended in June 2018, supported more than € 4 million in loans at an average amount per micro-transaction of € 12,000. The largest number of beneficiaries are start-ups with financial history of up to 2 years. The top business sectors, in which supported start-ups work, are agriculture and forestry, trade and transport.Read more
The objective of the loans is to facilitate the implantation of projects that promote the participative local development benefited with a Leader help, within the framework of the program of Rural Development of Catalonia 2014-2020. The ICF and the Ministry of Agriculture, Livestock, Fisheries and Food (DARP) have signed an agreement of collaboration on the subject of loans, with preferential conditions, to facilitate the implantation of projects of participative local development benefited with a Leader help, within the framework of the program of Rural Development of Catalonia (DPR) 2014-2020.Read more
On Wednesday 27th June 2018, MuniFin priced a new USD 1 billion short 3-year fixed rate benchmark, which pays a coupon of 2.75%. Joint lead managers of the transaction were Bank of America Merrill Lynch, BNP Paribas, Royal Bank of Canada and Toronto Dominion Bank. As this transaction was the only USD denominated transaction issued by SSA issuer during the whole week, MuniFin was able to get the full attention of the market.Read more
The Hungarian Development Bank (MFB) and the Bank of China signed a memorandum of understanding on a planned bond issue on the Chinese bond market as part of the China-Central and Eastern Europe (16+1) Cooperation Summit in Sofia. The aim of the memorandum of understanding signed between the Bank of China, which has a subsidiary bank in Hungary, and MFB is to prepare MFB’s entry to the panda bond market, that is, the issue of bonds on China’s onshore bond market. Another aim of the agreement is to map out how the parties can cooperate in financing various projects, possibly in the form of syndicated or club loans. The memorandum of understanding was signed on 7 July in Sofia, in the presence of the prime ministers of 16 countries, as part of the China-CEEC (16+1) Cooperation Summit.Read more
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