The contract is for ordinary municipal loans (debenture loans). The procurement will also include any refinancing of existing debenture loans and refinancing of loans in the bonds and certificate market.

The framework agreement will not include loans in the obligation and certificates market and interest rate agreements. The municipality will be able to ask providers of certificate and obligation loans parallel to the mini competition for ordinary loans.

The municipality shall raise the debenture loans from the provider(s) whom the framework agreement was entered into, and the selected providers are obliged to respond to the loan request in accordance with the framework agreement. The provider is free to evaluate own lending options, but must nevertheless respond to the loan request.

Tenderers must be able, however, to offer breadth in the interest rate terms. All loans shall be given in NOK. There shall not be any foreign exchange risk in these loans.