Donata Riedel
- European Investment Bank
- Communication Department
- Lennéstraße 11
- D-10785 Berlin
- Germany
The European Investment Bank (EIB) is providing a loan of €300 million to voestalpine AG, Europe’s third largest steelmaker. The financing will be used for the company’s research and development (R&D) programme over a period of four years, with the goal to optimise manufacturing processes, increase energy and raw material efficiency, and extend product life. Overall, voestalpine aims to drastically reduce its environmental and carbon footprint by 2030 and to achieve carbon neutrality of its production by 2050.
The EIB Group — consisting of the European Investment Bank (EIB) and the European Investment Fund (EIF) — has provided Erste Bank der oesterreichischen Sparkassen AG (Erste Bank) with a guarantee for a €49 million mezzanine tranche of a synthetic securitisation transaction. The transaction is expected to provide capital relief, as provided for by the EU Capital Requirements Regulation. It is the first synthetic securitisation transaction in Austria that qualifies as a simple, transparent and standardised (STS) transaction under the European Securitisation Regulation.
The EIB Group, consisting of the European Investment Bank (EIB) and the European Investment Fund (EIF), has provided Hypo Vorarlberg with a €61 million guarantee on the mezzanine tranche of a synthetic securitisation transaction on a €360 million portfolio of loans to small businesses and mid-caps mainly originated in Austria.