OpenLegislation

Division (a)

United Kingdom

Original text. Later amendments are not shown.

The debt and equity instruments referred to in Article 10(2)(a) shall be provided under an Infrastructure and Innovation Window, which will consist of a Debt Sub-window and an Equity-Type Sub-window. Allocation of operationsf1 to one of the two Sub-windows shall be based on the EIB's system of loan grading and the EIB's standard risk assessment and subject to guidance provided by the Steering Board.

Annotations

Footnotes

f1

The term ‘operation’ applies to both direct investment in a project (debt or equity) or an ‘operation’ (projects, programmes or facilities) with a financial or other intermediary but not, for the avoidance of doubt, to the underlying projects supported by such an intermediated operation.