The subject of the contract is the granting of a loan in the amount of PLN 18 875 459 to finance the planned budget deficit of the Strzyżów County and repayment of previously incurred liabilities under loans.
1. The subject of the contract is the granting of a loan in the amount of PLN 18 875 459 to finance the planned budget deficit of the Strzyżów County and repayment of previously incurred liabilities under loans.
2. Order cost: is the cost of servicing the loan based on the interest rate on the variable loan, whereas in the interest period - from the first to the last day of the calendar month - the fixed interest rate applies, corresponding to the WIBOR 1M rate applicable on the first day of the calendar month starting the interest period, increased by the bank's fixed margin for the entire loan period and taking into account the other following assumptions:
A. The commission for processing the loan application is the bank's cost, the total final cost of granting and servicing the loan by the bank is the sum of the value of all interest installments calculated on the basis of the loan amount and capital installments.
B. The deadline for using the loan expires on 29.12.2023 - the Contractor will make the loan funds available to the Contracting Authority in tranches based on written requests submitted by the Ordering Party, the first tranche planned for October 2023; However, for the purpose of preparing the offer, 20/11/2023 is contractually assumed as the date of payment of the entire loan amount.
C. Loan period: from the date of signing the contract in 2023 to 10.07.2035
D. Number of capital installments – 15, of which:
a) 7 instalments payable once a year by 10 January each year – provided for the years 2025-2026 and 2028-2032;
b) 8 instalments payable twice a year: by 10 January and by 10 July of each year provided for the years 2027 and 2033-2035, if the repayment date falls on a non-working day, the repayment of capital instalments shall be postponed to the first business day after this date, i.e. as follows:
- 10.01.2025 – PLN 1,000,000,
- 12.01.2026 – PLN 1,000,000,
- 11.01.2027 – PLN 1 250 000,
- 12.07.2027 – PLN 1,250,000
- 10.01.2028 – 600 000 PLN,
- 10.01.2029 – PLN 500,000,
- 10.01.2030 – PLN 1 100 000,
- 10.01.2031 – 1 100 000 PLN,
- 12.01.2032 – 1 100 000 PLN,
- 10.01.2033 – 1 165 874 PLN,
- 11.07.2033 – 1 165 874 PLN
- 10.01.2034 – 1 910 928 PLN,
- 10.07.2034 – 1 910 928 PLN
- 10.01.2035 – 1 910 928 PLN
- 10.07.2035 – 1 910 927 PLN
E. Grace period for loan repayment: until 09.01.2025
F. WIBOR rate: In the absence of WIBOR quotations for 1 day starting the monthly interest period, the last quotation before that date should be used. WIBOR 1M rate means the interest rate quoted on the Warsaw interbank market for 1-month interbank deposits. For the purpose of determining the offer price, the WIBOR 1M rate is assumed as at 29 September 2023.
G. Accrual of interest: solely on the amount of credit used, according to the balance of the loan during the interest period; The calculation of interest is based on the actual number of days in each month in relation to the actual number of days in a year (365/365 and 366/366 in a leap year. Each interest instalment (Ro) is:
Ro=(credit balance × offered interest rate × number of days in a month)/(number of days in a year)
H. Payment of interest: every 1 month by the 10th of each month for the previous month.
I. Payment date of the first interest installment: by the 10th day of the following month, after the month in which the loan will be activated.
J. Payment date of the last interest installment: on the date of the last principal installment, i.e. on 10.07.2035.
K. The method of rounding the amounts of interest installments – up to 2 decimal places (according to the principle that starting from the 3rd decimal place, values from 0 to 4 are rounded down, and values from 5 to 9 up).
A detailed description of the subject of the contract is contained in point 2.1 of the Specification of the Terms of the Order