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Guarantees Spain

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If you are looking for a surety bond or a guarantee to secure your projects or contracts, Credendo will deliver tailor made solutions to meet your company’s challenges. Surety bonds play a major role across a number of business of all sizes and sectors by reducing uncertainty. 

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Bonds / Guarantees
Solutions
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Product benefits

  • Having a dedicated team specialized in bonds available
  • An attractive alternative to bank guarantees by:
    • Preserving cash flow, borrowing capacity and credit lines with banks 
    • Alleviating the collaterals granted to the banks 
  • Gain pre-qualification deals
  • Issuance of cross border bonds in Europe
  • Enter into a long-lasting partnership with Credendo 
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What we offer

  • We provide surety bonds and guarantees across a wide range of industries, sectors and companies size
  • We rely on experienced and empowered surety teams with a strong local base in European countries
  • We offer meaningful capacity to issue a variety of surety bonds types according to your project needs and the country-specific requirements (contract bonds, legal bonds…) 
  • We can design specific bonds and guarantees tailor made to your own requirements. 
  • The surety bond or guarantee is an assurance for your counterpart that your company will meet the legal and contractual obligations of the contract. 
  • In case of contractual default or insolvency, the counterparty can claim an indemnification up to a predetermined amount. 
  • Among others, we offer these bond types:
    • Bid bonds
    • Performance bonds
    • Renewable energy bonds
    • Customs bonds
    • Advance payment bond
    • Retention bonds
    • Judicial bonds
    • Tax deferment 
    • Special taxes 
    • Advance payment for the purchase of residential property

When Credendo issues a bond or a guarantee, this gives further assurance (to your counterparty) that your company will fulfill its financial, contractual and legal obligations.  Bonds can help you to award a contract, especially from public entities or governments, or benefit from facilities payment. 

Our professional team that is active in different European markets is able to leverage capacity backed by Credendo Excess & Surety’s financial strength to design flexible surety solutions fitted to your particular needs.

Why Credendo?

  • Strong financial security with an A- rating from Standard & Poor’s 
  • High level of expertise in the surety business 
  • Dedicated surety team present in different European markets  
  • Partnering is our credo

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