Poland - Credit granting services

Description

The subject of the contract is to take out a long-term credit in the amount of PLN 14,700,000 to cover the liabilities planned in the budget expenditures, on the following conditions:- the credit will be granted without a separate credit application, in Polish currency,- the credit will be placed at the Ordering Party's disposal in full in the second quarter of 2020, within seven working days from the date of conclusion of the agreement (this date is one of the criteria for evaluation of tenders) - starting from the date of placing the credit at the disposal of the Ordering Party, the Ordering Party has the right to submit applications to the Contractor for payment of all or part (tranches) of the credit,- the credit will be used in full in 2020,- grace period in the repayment of the credit (capital) until the end of the fourth quarter of 2020 - after the grace period the credit will be repaid in the years 2021-2032 (in the period from the first quarter of 2021 to the fourth quarter of 2032.) in equal quarterly instalments in a given calendar year at the end of the calendar quarter, in individual years in the following amounts: in larges from 2021 to 2027 - PLN 500,000.00 each year; in 2028 and 2029 - PLN 1,000,000.00 each year; in 2030 and 2031 - PLN 500,000.00 each year; in 2032 - PLN 8,200,000.00 each year; in 2032 - PLN 8,200,000.00 each year, interest will be payable in the years 2020 - 2032 on the amount of the actual debt (credit balance) in quarterly periods at the end of the calendar quarter, the first interest will be payable at the end of the second quarter 2020, and the last one at the end of the fourth quarter of 2032,- for the determination of interest, the year shall be taken to be 365/366 days and the actual number of days in the quarter,- the interest rate on the loan shall be variable, equal to the sum of b + m, where: b - base rate for a given (quarterly) interest period, equal to the arithmetic mean of the last five WIBOR 3M rate quotations in the month immediately preceding the interest period, m - fixed bank margin,- the (preparatory) commission will be paid on the day the loan is placed at the Ordering Party's disposal, on the total amount of the loan, however the commission cannot be higher than 0.20%,- the bank does not charge any commissions and fees other than interest and preparatory commission,- the Orderer reserves the right to repay the credit earlier - in such a case the bank will not charge any commissions or handling fees,- repayment of interest and capital will be from the income of the Orderer's budget,- the security for the repayment of the credit will be a blank promissory note together with a promissory note declaration.A detailed description of the subject of the order is included in the ToR.

Opportunity closing date

15 April 2020

Value of contract

to be confirmed