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  "documentTitle": "Creating the best SME Debt finance ecosystem",
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      "text": "Covering only the mezzanine would allow the State to provide a guarantee of €100 million on a total disbursed amount of €1 billion, generating an internal multiplier of 10x",
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      "kind": "title",
      "text": "TRANCHED PORTFOLIO GUARANTEES: A MEZZANINE GUARANTEE CAN REDUCE CAPITAL INTENSITY AND RISK WEIGHTING FOR LENDERS",
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