Poland - Lending services

Description

1.2 The subject of the order is granting and servicing a long-term bank loan, granted to the Municipality of Legnickie Pole in Polish zlotys, for financing the planned deficit of the budget of local government units and repayment of capital installments.1) The amount of the loan - up to PLN 7,117,522.00 (seven million one hundred and seventeen thousand five hundred and fifty-two zlotys);
1.2 The subject of the order is granting and servicing a long-term bank loan, granted to the Municipality of Legnickie Pole in Polish zlotys, for financing the planned deficit of the budget of local government units and repayment of capital installments.1) Loan amount - up to PLN 7,117,522.00 (seven million, one hundred and seventeen thousand, five hundred and fifty-two zlotys);2) Loan security - blank promissory note with a promissory note declaration;3) Loan term - 120 months (until December 2033), counting from the disbursement of the loan in the amount specified by the Ordering Party. The first payment of interest on the loan and repayment of principal installments-March 2024;4) The loan will be used until December 29, 2023. The loan will be disbursed in one go on the basis of a written instruction from the Ordering Party, submitted 2 days before the disbursement via fax or e-mail indicated in the contract for this public procurement.5) Terms of repayment of the principal in the following quarterly installments, with payment due on the last day of the quarter:a) 24 installments (in 2026-2031) in the amount of PLN 150,000.00 each ( in words: one hundred and fifty thousand)b) 4 installments (in 2032) in the amount of PLN 425,000 (in words: four hundred and twenty-five thousand);c) 4 installments (in 2033) in the amount of PLN 454,380.50 (in words: four hundred and fifty-four thousand three hundred and eighty zlotys 50/100 gr);d) declining interest.6) The interest rate of the loan will be calculated based on WIBOR 3M quoted as of 23.10.2023 for the purpose of bid examination.7) Commission on the granted loan paid once on the day of loan disbursement.8) Principal installments will be payable on the dates specified in the loan repayment schedule attached to the offer.9) Interest installments calculated on the actually used amount of the loan falling on the last day of the calendar month. Interest installments will be payable by the end of the last day of the month, except for the last one, which will be payable on the date of the last principal installment. Capitalization of interest is unacceptable.10) Terms of the loan interest rate: variable interest rate throughout the credit period based on the WIBOR 3M rate from the last working day preceding the day on which the new quarter begins + a fixed margin expressed as a percentage, which may not change during the credit period.11) For the purpose of calculating the interest rate, it is assumed that a year has 365 days and a month has the actual number of days.12) If the date of repayment of the loan, interest or other receivables falls on a non-working day, the deadline is considered to have been met if the repayment was made on the first working day thereafter.13) The Ordering Party reserves the right to change the number of disbursed tranches, the amount of credit tranches and the date of their disbursement without incurring additional fees and commissions on this account.14) The method of disbursement of funds - to the Ordering Party's bank account. The date by which the bank will make funds available from the loan may not be longer than 5 days from the date of submission of an application by the Ordering Party, but no later on the account than 15.12.2023.15) The Ordering Party reserves the right to early repayment of the loan in whole or in part without the right to charge and collect by the Contractor - bank remaining interest and additional fees associated with the operation of the loan. Interest will then be charged only for the period of actual use of the loan.16) Legal security for the repayment of the loan will be: a blank promissory note signed exclusively by the head of the municipality, as the body authorized to represent and contract financial obligations on behalf of the municipality.17) The Ordering Party does not provide other fees to the Contractor on the loan granted.

Opportunity closing date

29 November 2023

Value of contract

£100k-1m