COFIDES

PRIVATE SECTOR ASSISTANCE

1. Name of Organisation :
Compañ ia Españ ola de Financiació n de Desarollo (COFIDES) - Spain

2. Assistance Scheme/Program :
COFIDES can provide equity and/or loans to a project where there is the involvement of a Spanish partner. Details will be provided on request but in general are:

Equity:

Temporary and minority. Not to exceed the Spanish partner holding.

Loans:

Currency: pesetas. Other hard currencies may also be considered.

Maturity: normally 5 to 10 years (including grace period)

Repayment: equal semi-annual instalments.

Interest Rates:

fixed rate loans: fixed for the whole maturity period on the date of the approval of the loan;

equity-loans rate with two components (fixed rate plus floating component linked to the results of the project).

Collateral: to be determined on a case by case basis.
Limited:

Total maximum COFIDES investment in any project: ECU2 million. Not to exceed the participation of the Spanish partner.
Other:

COFIDES also manages a risk-capital line granted by the European Investment Bank for projects in Africa, Caribbean and Pacific (ACP) countries.

3. Criteria : Geographical:

Those countries developing, emerging and in transition to the market economy.
Sector/sub-sector coverage:

Manufacturing, agro-industrial and services sectors.
Industrial partner/project sponsor:

Spanish investor taking a significant equity participation is general required.

1.	Name of Organisation	:	Compañ ia Españ ola de Financiació n de Desarollo (COFIDES) - Spain

2.	Assistance Scheme/Program	:	COFIDES can provide equity and/or loans to a project where there is the involvement of a Spanish partner. Details will be provided on request but in general are: Equity: Temporary and minority. Not to exceed the Spanish partner holding. Loans: Currency: pesetas. Other hard currencies may also be considered. Maturity: normally 5 to 10 years (including grace period) Repayment: equal semi-annual instalments. Interest Rates: fixed rate loans: fixed for the whole maturity period on the date of the approval of the loan; equity-loans rate with two components (fixed rate plus floating component linked to the results of the project). Collateral: to be determined on a case by case basis. Limited: Total maximum COFIDES investment in any project: ECU2 million. Not to exceed the participation of the Spanish partner. Other: COFIDES also manages a risk-capital line granted by the European Investment Bank for projects in Africa, Caribbean and Pacific (ACP) countries.

3.	Criteria	:	Geographical: Those countries developing, emerging and in transition to the market economy. Sector/sub-sector coverage: Manufacturing, agro-industrial and services sectors. Industrial partner/project sponsor: Spanish investor taking a significant equity participation is general required.