International ICO Facility

We help you to obtain a specific ICO Facility for projects abroad.

At BBVA, we offer all the help you need to make your internationalization process easier.
  • Up to 100% of the investment to be financed, plus VAT or a similar tax that is accrued and paid in Spain.
  • Up to 100% of the liquidity or expenses needs.

Features

    • Payees: Self-employed workers, public and private organizations (companies, foundations, NGOs and government institutions). For investments outside of the national territory, including both companies based in Spain and those with their headquarters in a foreign country and at least 30% Spanish capital.
    • Validity: until 12/27/2020.
    • Financeable investments: Investments outside Spain of up to 100% of the investment project (including VAT or a similar tax if the asset is acquired in Spain) or the liquidity needs.

    BBVA financing through ICO Facilities-2020. The granting of the operations is subject to the fulfillment of the requirements laid down in each of the ICO facilities and the prior authorization of the financing by BBVA.

Financial terms

  • Maximum amount:

    Up to 100% of the investment to be financed, plus VAT or similar tax that is accrued and settled in Spain, or up to 100% of liquidity needs, with a maximum amount of €12.5 million euros, in one or in several operations in the form of a loan.

    Transaction period

    The customer can choose between: 

    • 1 year, with no grace period or a 1 year grace period.
    •  2 years, with no grace period or a 1 year grace period.
    • 3 years, with no grace period or a 1 year grace period.
    • 4 years, with no grace period or a 1 year grace period.
    • 5 years, with no grace period or a 1 year grace period.
    • 6 years, with no grace period or a 1 year grace period.
    • 7 years, with no grace period or a 1 or 2 year grace period.
    • 8 years, with no grace period or a 1 or 2 year grace period.
    • 9 years, with no grace period or a 1 or 2 year grace period.
    • 10 years, with no grace period or a 1, 2, or 3 year grace period.
    • 12 years, with no grace period or a 1, 2, or 3 year grace period.
    • 15 years, with no grace period or 1, 2, or 3 year grace period.
    • 20 years, with no grace period or a 1, 2, or 3 year grace period.

    Interest rate: Fixed or Variable, with the differential varying depending on the term of the operation.

    Voluntary early repayment: Total or partial (reducing the fee) early repayment is possible. In general, there is a 1% voluntary early repayment fee for FIXED-RATE transactions. For VARIABLE RATE transactions, it will vary depending on the remaining life of the transaction. These fees vary if the transaction is within the Law 41/2007, on regulation of the mortgage market, depending on when the termination occurs.

    BBVA financing through ICO Facilities-2020. The granting of the operations is subject to the fulfillment of the requirements laid down in each of the ICO facilities and the prior authorization of the financing by BBVA.

     

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