Poland – Credit granting services – Long-term loan in the amount of PLN 4,000,000.00 intended to finance the Municipality of Śmigiel’s deficit planned for 2026 and repay previously incurred liabilities

Opportunity description

1. The subject of this contract is the granting of a long-term loan in the amount of PLN 4,000,000.00 intended to finance the Municipality of Śmigiel’s deficit planned for 2026 and repay previously incurred liabilities. 1. The subject of this contract is the granting of a long-term loan in the amount of PLN 4,000,000.00 intended to finance the Municipality of Śmigiel’s deficit planned for 2026 and repay previously incurred liabilities under the following conditions: 1) Purpose of the loan – financing the Municipality of Śmigiel’s budget deficit planned for 2026 and repaying previously incurred liabilities. 2) Lending period – from the date of disbursement until 31.12.2037. The loan will be disbursed on the basis of written instructions submitted to the Contractor via the email address specified in the agreement. The loan should be disbursed within the time limit indicated by the Contractor in the Tender Form – in accordance with the tender evaluation criterion specified in point 18.4 of the SWZ. The loan servicing costs comprise: a) interest on the loan, consisting of: - base rate – variable interest calculated for each interest period on the basis of WIBOR 3M, - contractor’s margin – fixed throughout the lending period. 3) Repayment of the loan in Polish zlotys; principal in quarterly periods on the dates specified in the repayment schedule included in the SWZ; payment of principal instalments may be postponed provided that the Contracting Authority submits a written request to defer payment for a specified period. The request should be submitted to the bank no later than 10 days before the principal instalment payment date. The specified period for postponing payment of a principal instalment may not extend beyond the term of the agreement. An unpaid principal instalment becomes part of the outstanding principal and bears interest under the unchanged terms specified in the tender and agreement. After each postponement of the principal instalment date, the bank will appropriately recalculate the principal and interest instalment repayment table in accordance with the content of the Contracting Authority’s request to defer the payment date. The bank will not charge any fees or commissions for the aforementioned activities described in this point. Repayment of all or part of the loan before the due date is also permitted. 4) Interest payable monthly, calculated on the loan actually used, and for the calculation of interest it is assumed that a calendar year has 365 days and a calendar month has the actual number of days in that month. Interest payable on the last calendar day of the given month. 5) Method of determining the interest rate – the interest rate for a given period depends on the amount of the loan used and is determined on the basis of the WIBOR 3M base rate for interbank deposits applicable to the given settlement period and the contractor’s/bank’s margin, which remains unchanged throughout the lending period. When calculating interest for a given calendar month, the WIBOR 3M rate quoted on the last business day of the month preceding that month will be applied. 6) A change in the interest rate during the lending period is permissible only in the event of a change in the WIBOR 3M rate. Pursuant to Article 92(1)(2) of the Act of 27 August 2009 on Public Finance (consolidated text: Journal of Laws of 2025, item 1483, as amended), capitalization of interest is not permitted. 7) Interest will be calculated on the amount of the actual indebtedness. 8) Grace period for repayment of principal – until 30.03.2027. 9) The Contracting Authority specifies a blank promissory note together with a promissory note declaration as the form of security for the loan. The Contracting Authority reserves the right to verify the declaration in question and modify it in agreement with the contractor/bank. The Treasurer’s countersignature will be placed exclusively on the promissory note declaration. 10) It is permissible to disburse a smaller loan amount without incurring additional fees. 11) The Contracting Authority provides for the possibility of reducing the contract amount of the loan to be disbursed to a minimum value of PLN 100,000.00. 12) No commission on the amount of the loan granted. 13) No compensation commission on the amount of the loan repaid before the due date. 14) No commitment fee on the amount of the unused loan. 15) In connection with the performance of this contract, the Contractor/bank will not charge any additional fees or commissions other than those specified in the tender. 16) A detailed description of the subject matter of the contract is provided in the Specification of Contract Conditions. Procedure: open. Review the original TED notice for the complete requirement, lots, amendments and attachments.