Long-term loan to finance Icod de los Vinos’ 2026 budget investments

Summary

The Icod de los Vinos City Council is procuring a long-term loan of up to €4,910,000 to finance investments in its 2026 budget. The investment plan covers public spaces and playgrounds, roads and parking, educational and library buildings, municipal and police vehicles, equipment, public buildings and sports facilities. The loan runs for 10 years, including a one-year principal repayment grace period, with a variable rate linked to three-month Euribor and quarterly payments.