Poland-Żagań: Banking and investment services

WZP.271.11.2013

1. The subject of the contract is the grant and operation of a long-term loan of PLN 6800000 (six million eight hundred thousand zlotys) to cover the planned deficit in the budget of the Municipality of Żagań in urban status. The loan will be used as follows:
PLN 3700000 to finance capital expenditure, including
— PLN 3000000 for an increase in the share capital of Palacu Ksirzyęce Sp. z o.o. w Żagań,
— PLN 700000 for the reconstruction of streets: Bracka and Slavian Plac in the framework of the project entitled ‘Revitalisation of the municipal old town in Żaganiu – Phase I’,
— amount of 3100000 for repayment of part of the loan taken out in 2012
2. The Contracting Authority assumes that the Contractor will start the loan on the following dates:
— PLN 3000000 – 12.11.2013
— PLN 700000 – 12.11.2013
— PLN 3100000 – 5.12.2013
The contracting authority provides for the possibility of changing the time limits for the use of credit for the contracting authority’s needs in the period up to 30.12.2013.
3. Capital instalments will be paid on a quarterly basis in the following years: 2015-2024 as follows: in 2015: PLN 200000, i.e. 4 x PLN 50000.
— 2017-2020: PLN 200000 each;
— in 2021: PLN 600000,
— in 2022: PLN 1200000,
— 2023-2024: PLN 2000000 each.
The due date for payment of the instalments will be: by the last day of the month ending the calendar quarter.
4. Interest on the loan will be paid monthly until the last day of the month.
5. The amount of the loan drawn will be remunerated on an annual basis, at a variable interest rate, equal to the WIBOR 1M base rate for one-month interbank deposits in PLN plus a fixed margin of the Contractor, determined on the basis of the tender submitted.
WIBOR 1M should be taken as the arithmetic average of the rates for all days of the month preceding the next monthly interest period.
6. Interest will be calculated on the basis of a quotient of 365/360 (366/360 in the leap year), which means taking the actual number of days in the interest period over 360 days in the accounting year.
7. There is no provision for preparatory commissions or any additional commissions and fees.
8. The loan repayment will be secured by an Inlanco promissory note accompanied by a promissory note declaration.
9. The Treasurer of the City agrees to the countersignature of the promissory note.
10. The Contracting Party reserves the right to repay early all or part of the credit at its convenience. In such a case, interest on the credit will be charged only on the outstanding amount of credit and the Contracting Authority will be exempted from any charge in this respect to the Contractor.
11. The multi-annual Financial Prospectus presented was drawn up taking into account the provisions of the Regulation of the Minister for Finance of 23 December 2010 on the detailed method of classifying debt instruments classified as public debt, including State Treasury debt.
As a result, the debt service ratio will not be exceeded during the repayment period of the loan.
For the purpose of determining the price of the offer, the WIBOR 1M of 27 August 2013 should be used.

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Submission for all lots

The notice involves a public contract

25/10/2013 11:10

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66110000 - Banking services

66113000 - Credit granting services

Lowest price

3,353,357.53 PLN

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Official name: PKO Bank Polski S.a. Regionalne Centrum Korporacyjne w Zielonej Górze
Postal address: ul. Żeromskiego 2
Town: Zielona Góra
Postal code: 65-066
Country: POL