Poland – Credit granting services – Loan to cover the planned budget deficit of the Drzycim Municipality for 2026

Opportunity description

The subject of the contract is the granting of a long-term loan in the amount of PLN 4,400,000.00 (in words: four million four hundred thousand zlotys 00/100) to finance the planned budget deficit. 1, The subject of the contract is the granting of a long-term loan in the amount of PLN 4,400,000.00 (in words: four million four hundred thousand zlotys 00/100) to finance the planned budget deficit. 2. Detailed contract terms, including the quality standards referred to in Article 246(2) of the Public Procurement Law: 1) The principal will be repaid in quarterly installments in the amounts and on the dates specified according to the schedule constituting Appendix No. 2 to the SWZ. 2) The Contracting Authority reserves the right, without incurring additional costs on this account, to repay part or all of the loan early. In such cases, the Contractor will not charge fees or commissions. 3) In the event of early repayment of part or all of the loan, the Contractor and the Contracting Authority will establish a new repayment schedule in accordance with the Contracting Authority's request in the form of an annex to the agreement, without charging additional fees. 4) The loan is planned to be disbursed in one tranche by 31 December 2026. 5) The lending period is from the date of signing the loan agreement until 31.12.2040. 6) Grace period for repayment of loan principal installments until 31 March 2031. 7) The loan will be disbursed on the basis of a written instruction submitted to the Contractor. Submission of the instruction by fax or electronically, to the fax number or email address indicated in the agreement, is permitted. 8) The loan will be paid into the Contracting Authority's account maintained at the bank selected to provide banking services for the municipal budget. 9) Interest will be repaid only on the amount of the loan actually disbursed (paid out). 10) Capitalization of interest is not permitted. 11) The interest rate on the loan will be calculated on the basis of WIBOR 1M quotations as at 19.08.2026 for the purposes of evaluating tenders. 12) The amount of the Contractor's margin will remain unchanged throughout the lending period. 13) The Contractor will inform the Contracting Authority of the amount of interest accrued for a given month by the end of that month. 14) For the calculation of interest, the actual number of calendar days in individual months and a year equal to 365 days will be used. 15) Interest will accrue on the disbursed loan amount from the date of disbursement of the loan/loan tranche up to and including the day preceding its actual repayment (repayment of an installment). 16) Interest will be repaid on the last business day of each month. 17) Where the repayment date for the loan/interest on the loan falls on a statutory non-working day or a day that is not a business day for the Contracting Authority, the repayment deadline will be deemed to have been met if repayment is made on the first business day following that day. It should be taken into account that this is the maximum deadline and that a loan installment may be repaid early, which does not require the Repayment Schedule to be amended each time. 18) The date on which funds are credited to the Contractor's bank account will be deemed the date of repayment of interest and principal installments. 19) The Contracting Authority will cover the costs arising from servicing the loan only up to the amount of interest on the disbursed loan. All other activities performed by the Contractor in servicing the loan, including, among others, activating and making the loan available to the Contracting Authority, opening and maintaining the loan bank account, transferring funds under the loan/loan tranche, and issuing bank opinions concerning the Contracting Authority's performance of its obligations under the loan, will be free of charge to the Contracting Authority. 20) All settlements between the Contracting Authority and the Contractors will be conducted in Polish currency (PLN). 21) The Municipality will not submit a declaration of submission to enforcement pursuant to Article 777 para. 1 point 5 of the Code of Civil Procedure. 22) The Municipality's bank accounts are not subject to enforcement seizures. 23) The Municipality has no overdue liabilities to banks. 24) No recovery procedure program within the meaning of the Act of 27.08.2009 on Public Finance has been conducted in the Municipality. 25) No debt collection activities initiated at the request of banks have been conducted in the Municipality through a court bailiff. 26) The Contracting Authority has no liabilities arising from the purchase of receivables, forfaiting, factoring, eFinancing, or leasing. 27) The Contracting Authority has not granted sureties or guarantees to other entities. 28) The Municipality has no capital links with other entities 29) The sole security for the loan will be an in blanco promissory note together with a promissory note declaration. 30) The Municipal Treasurer will countersign the loan agreement. 31) Documents concerning the financial situation of the Drzycim Municipality are included in Appendix No. 8 to the SWZ. Procedure: open. Review the original TED notice for the complete requirement, lots, amendments and attachments.