EIB Group and ICO invest in Prado XII, a securitisation fund from UCI to boost household energy efficiency in Spain and Portugal
Spain, April 27 -- The EIB Group - made up of the European Investment Bank (EIB) and the European Investment Fund (EIF) - and Instituto de Credito Oficial (ICO) have invested in a securitisation fund by Union de Creditos Inmobiliarios (UCI), the RMBS fund Prado XII. UCI is a joint venture between Banco Santander and the BNP Paribas Group.With this operation, the three institutions will promote new financing solutions to boost energy renovation and investment in housing and the acquisition of near zero emissions homes - helping make the housing stock more efficient, sustainable and better prepared for the climate challenges facing the Iberian Peninsula.The EIB Group is providing a total investment of €225 million. Of that, the EIB will...
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