Poland - Lending services

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Details

Provided by Open Opps
Opportunity closing date
27 October 2021
Opportunity publication date
24 September 2021
Category
66113000
Value of contract
£100k-1m
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Description

1) Long-term credit up to PLN 11,500,000.00 (eleven million five hundred thousand zlotys). 2) The purpose of the credit - to cover the planned deficit of the 2021 budget and repay previous liabilities arising from the issue of securities and loans. 3) Loan tenor until 28 February 2034. 4) Disbursement of the credit in tranches maximum within 3 working days from the date of submission of the application by the Ordering Party, as the payment needs arise, not later than by 29.12.2021. 5) The credit tranches will be transferred to the Ordering Party's account no 82 1050 1461 1000 0023 6464 4274 held with ING Bank Śląski SA.
1) Long-term credit up to PLN 11,500,000.00 (eleven million five hundred thousand zlotys). 2) The purpose of the credit - to cover the planned deficit of the 2021 budget and repay previous liabilities arising from the issue of securities and loans. 3) Loan tenor until 28 February 2034. 4) Commencement of credit in tranches maximum within 3 working days from the date of submission of the application by the Ordering Party, as the payment needs arise, not later than by 29.12.2021. 5) The credit tranches will be transferred to the Ordering Party's account no 82 1050 1461 1000 0023 6464 4274 held with ING Bank Śląski SA.8) The Contractor is not entitled to a separate commission on the unused portion of the credit put at the Ordering Party's disposal.9) Interest will be accrued only on the amount of the actual debt.10) Interest - 1M WIBOR interbank deposit rate plus the Bank's margin.11) Interest will be paid on a monthly basis, i.e. on the last business day of the month after the release of the first tranche of the credit.12) Repayment of principal instalments will take place in monthly intervals.) The principal will be repaid in monthly installments on the last business day, starting from January 2022 until February 2034. as follows:Year Total Capital Repayment Number of Installments Amount of Installments2022 120,000.00 12 10,000.002023 120,000.00 12 10,000.002024 720,000.00 12 60,000.002025 720,000.00 12 60,000.002026 720,000.00 12 60,000.002027 720,000.00 12 60,000.002028 720,000.00 12 60,000.002029 720,000.00 12 60,000,002030 1,680,000.00 12 140,000.002031 1,680,000.00 12 140,000.002032 1,680,000.00 12 140,000.002033 1,680,000.00 12 140,000.002034 220,000.00 1,110,000.00 1,110,000.00Total 11,500,000.00 13) The Contracting Authority reserves the right to repay the principal before the end of the credit period i.e. before the end of 28.02.2034, as well as the possibility of repaying the principal in instalments and on dates other than those presented in the repayment schedule. Any change to the principal repayment schedule shall require a prior notification to the Contractor. The Contractor shall not charge any additional fees or commissions for the above activities.12) Any amendments to the agreement shall be made in the form of an annex approved by both parties.13) The Customer shall not incur any additional costs related to early repayment of the credit in full or in part.14) Apart from the credit interest rate, the Contractor shall not charge any additional fees or commissions on account of the awarded contract.1516) The blank promissory note together with the promissory note declaration shall be countersigned by the City Treasurer.17) During the credit repayment period, the WIBOR 1M rate shall be determined for each accounting period according to the quotations for two calendar days preceding the beginning of a given accounting period. In the absence of WIBOR 1M quoted two calendar days before the start of a given accounting period, the interest rate shall be calculated using the quotations from the last day before the start of the accounting period in which WIBOR 1M was quoted.

Opportunity closing date
27 October 2021
Value of contract
£100k-1m

About the buyer

Address
Gmina - Miasto Tomaszów Mazowiecki ul. POW 10/16 Tomaszów Maz. 97-200 Poland
Contact
zam.pub@tomaszow-maz.pl

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