Poland - Credit granting services

Description

The subject of the contract is to grant a long-term bank loan to cover the planned deficit and to repay the previously contracted liabilities of the budget of the municipality of Inowłódz in 2020 to the amount of PLN 5 500 000.00 (say: five million five hundred thousand PLN 00/100).2 The Ordering Party reserves the right to reduce the amount of the granted loan.
The subject of the contract is the granting of a long-term bank loan to cover the planned deficit and repayment of previously contracted liabilities of the budget of the municipality of Inowłódz in 2020 to the amount of PLN 5,500,000.00 (say: five million five hundred thousand zlotys 00/100).2 The Ordering Party reserves the right to reduce the amount of the granted loan.3 The loan will be launched in tranches. The Ordering Party shall each time determine the amount of the credit tranche and the date of its activation. Individual credit tranches shall be disbursed after the Ordering Party submits a written disbursement instruction without submitting a separate credit application to be considered. The maximum number of days for the loan disbursement is 4.Note: the time of the loan disbursement is the tender evaluation criterion (in accordance with the rules specified in Chapter XIX of the ToR) and will result from the contents of the tender of the selected contractor. The offered date of credit tranche disbursement should be specified in the offer form.4 The planned date of credit disbursement is 30 October 2020. The Contracting Authority reserves the right not to draw the full amount of the credit. The Contracting Authority does not allow the contractor to charge any additional bank fees and commissions on the unused part of the credit. In such a case, the contractor shall not charge the Ordering Party with the costs of the unused credit.6 Without commission.7 The cost of the credit shall consist exclusively of interest resulting from a variable WIBOR rate and a fixed margin.8 The credit shall be repaid in the years 2021-2035 in monthly instalments payable on the last working day of the month, starting from January 31, 2021 to December 31, 2035.9Credit repayment schedule: Year 2021 - PLN 50,000.00 x 9 months (28.2; 31.3; 30.4; 31.5; 30.6; 31.7; 31.8; 30.9; 31.10) = PLN 450,000.00,00,00 Year 2022 - PLN 25,000.00,00 x 12 months = PLN 300,000.00,00 Year 2023 - PLN 25,000.00 x 12 months = PLN 300,000.00,00 Year 2024 - PLN 25,000.00 x 12 months = PLN 300,000.00,00 Year 2025 - PLN 25,000.00 x 4 months (31.1; 28.2; 31.3; 30.4) = 100,000.00 PLN,00 Year 2026 - 20,000.00 PLN x 10 months (31.1; 28.2; 31.3; 30.4; 31.5; 30.6; 31.7; 31.8; 30.9; 31.10) = 200,000.00 PLN,00 Year 2027 - 25,000.00 PLN x 12 months = 300,000.00 PLN,00 PLN x 2 months (31.1; 28.2) = 50,000.00 PLN,00 PLN,00 Year 2029 - 25,000.00 PLN x 4 months (31.1; 28.2; 31.3; 30.4) = 100,000.00 PLN,00 Year 2030 - 25,000.00 PLN x 2 months (31.1; 28.2) = 50,000.00 PLN,00 Year 2031 - 20,000.00 PLN x 10 months (31.1; 28.2; 31.3; 30.4; 31.5; 30.6; 31.7; 31.8; 30.9; 31.10) = PLN 200,000.00,00, Year 2032 - 50,000.00 PLN x 11 months (31.1; 28.2; 31.3; 30.4; 31.5; 30.6; 31.7; 31.8; 30.9; 31.10; 30.11) = PLN 550,000.00, Year 2033 - 50,000.00 PLN x 11 months (31.1; 28.2; 31.3; 30.4; 31.5; 30.6; 31.7; 31.8; 30.9; 31.10; 30.11) = PLN 550 000,00, Year 2034 - 50 000,00 PLN x 11 months (31.1; 28.2; 31.3; 30.4; 31.5; 30.6; 31.7; 31.8; 30.9; 31.10; 30.11) = PLN 550 000,00, Year 2034 - 50 000,00 PLN x 11 months (31.1; 28.2; 31.3; 30.4; 31.5; 30.6; 31.7; 31.8; 30.9; 31.10; 30.11) = 550,000.00 PLN, Year 2035 - 130,000.00 PLN x 11 months (31.1; 28.2; 31.3; 30.4; 31.5; 30.6; 31.7; 31.8; 30.9; 31.10; 30.11) = 1,430,000.00 PLN, 70,000.00 PLN x 1 month (31.12) = 70,000.00 PLN.10The base interest rate will be based on WIBOR 1M increased by the contractor's margin.11 The contractor's margin is fixed during the contract period.12 The interest rate of the credit is the cost of the credit.13 The credit will be secured in the form of a blank promissory note issued by the orderer together with a promissory note declarationA detailed description and conditions are contained in the ToR: Chapter IV Description of the subject of the order and Chapter XXIX Provisions of the agreement relevant for the parties.

Opportunity closing date

08 September 2020

Value of contract

to be confirmed