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FFPP

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Organization name
Fondo para la Financiacion de los Pagos a Proveedores
Country name
Spain
Country of registration
Spain
Industry
Other Financial Institutions
Public debt
-

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Profile

Fondo para la Financiacion de los Pagos a Proveedores (FFPP or the Fund) was set up in Spain by the Royal Decree-law in 2012 to provide a means to settle commercial arrears in the regional and local governments that had accumulated before the end of 2011. In return, entities that have chosen to participate have agreed upon terms and conditions for payments of principal and interest, which underpin the financial position of the FFPP. The Senior Unsecured Debt is backed by the explicit, unconditional, irrevocable and direct guarantee from the Kingdom of Spain.

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