Poland - Lending services

Description

The subject of the contract is the granting and servicing of a long-term loan in the amount of PLN 4,800,000.00 (in words: four million eight hundred thousand zlotys 00/100). The Ordering Party will use the credit funds to finance the planned budget deficit in 2023.
(1) The subject of the contract is the granting and servicing of a long-term loan in the amount of PLN 4,800,000.00 (in words: four million eight hundred thousand zlotys 00/100). The Ordering Party will use the funds from the credit to finance the planned budget deficit in 2023.2.The credit will be disbursed within five days from the conclusion of the agreement to the accounts indicated by the Ordering Party, based on the Ordering Party's instructions.3.Credit currency PLN.4.The Ordering Party reserves the right to waive the disbursement of all or part of the credit. In the event of non-use of the entire amount of the loan, a new schedule of repayment of loan installments will be established.5.The grace period for repayment of the loan will be in force until 31.12.2024 and applies only to capital installments. Repayment of the principal will be in 40 installments payable on the last working day of each month ending the quarter starting from the first quarter of 2025 to the fourth quarter of 2034.6. The loan will bear interest at a variable rate, which is the sum of the base rate and a fixed margin of the bank.7. The interest rate will be calculated based on the variable WIBOR 3M rate, which is calculated as the arithmetic average of the last 5 quotations of the last month of the calendar quarter and applicable from the 1st calendar day of the next quarter. 8.The price must be expressed in PLN currency, with an accuracy of two decimal places.9.The WIBOR 3M should be used to determine the bid price.10.The Ordering Party informs that for comparability, the date of 31.10.2023 should be used to calculate the bid.11.Interest on the loan will be payable on the last working day of each month. Monthly payment of interest will be made on the basis of the Bank's notification (bank note), including the amount of accrued interest.12. For the purpose of calculating the amount of interest, the actual number of days of use of the loan in relation to 365 days per year and the actual number of days per month is assumed.13.It is allowed to change the loan repayment terms at the justified request of the borrower.14. The purchaser will not incur additional costs associated with early repayment of all or part of the loan, as well as for the reduction of the amount of the loan.15. The method of securing the repayment of the loan - a blank promissory note with a promissory note declaration.

Opportunity closing date

06 November 2023

Value of contract

to be confirmed