Swedish National Debt Office Submits Final Approval For State Guarantee Of European Investment Bank Loan

Posted on 12. Feb, 2010 by in 2010-2019

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The Swedish Government’s Maud Olofsson and Bo Lundgren held a press conference today at 3:20pm in Sweden about the Saab Spyker EIB loan Guarantee.

They indicated that the final review of the Swedish National Debt Office has been completed and submitted to the EIB, now we await the decision from the European Investment Bank.

The response from the EIB is expected either today or Monday, February 15th, when the Spyker Saab sale is expected to close.

For more information about this conference and for a video recap, please visit this link.

Here’s a recap from Sweden’s E24 News covering the press conference that was over 20 minutes long.

The Debt Office has given its final approval of the State guarantee for Saab’s loan from the European Investment Bank for 400 million euros. The Debt Office also believes that the business plan is “reasonable”.

– We are the projects and ensures that makes us a greener vehicle fleet, “said Maud Olofsson, during the press conference.

– Then it’s up to Spyker and GM to make up for the deal. But we have sufficient collateral to provide these guarantees, “she says.

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2 Responses to “Swedish National Debt Office Submits Final Approval For State Guarantee Of European Investment Bank Loan”

  1. FAW

    12. Feb, 2010

    I think this is the first time I have seen Maud smile! Ever. This alone calls for some bubbly! Also, I really enjoy Mr. Lundgren’s nod to Spyker with his orange tie. Things are looking up.

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  2. Ryan

    12. Feb, 2010

    Good observation, I like that Spyker orange tie too!

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