Long-term loan to finance the municipality’s planned budget deficit and repay previously incurred liabilities

Summary

The Municipality of Smętowo Graniczne is procuring the provision and servicing of a long-term loan of PLN 1,200,000 to finance its planned budget deficit and repay earlier obligations. The loan is to be disbursed in two PLN 600,000 tranches and repaid quarterly from 2027 to 2036, with variable interest based on WIBOR 3M plus a fixed bank margin. The procurement is not divided into lots.