Brussels, 19/04/2010 (Agence Europe) - The European Investment Bank (EIB) has just signed a €250 million finance contract with the UBI Banca group targeting small and medium-sized Italian businesses (SMEs). Technically, the transaction consists of subscription by the EIB of a covered bond issued by UBI. This is the first time that the EIB has mounted an operation in Italy via the covered bonds instrument, which was launched on the market in 2007.
This €250 million funding constitutes...