Certificate loans
Currently we do not offer this loan.
- Maturities of between 3 and 12 months
- Need to be refinanced at maturity
Certificate loans are suitable for municipalities that have the capacity and expertise to take a more complex approach to debt management. Short-term financing through the use of certificate loans creates risk because the loans have to be refinanced when they fall due for repayment. A municipality must establish its own framework for the use of certificate loans. This framework must be assessed against the requirements of the Local Government Act to not to take significant financial risk. The municipalities must at all times be able to meet their payment obligations when they fall due.
Information and terms
Maturity | Up to 12 months | |
---|---|---|
Interest determination | According to agreement | |
Installment | Interest only | |
Fixed interest | The loan's entire term | |
Green interest rate | Read more on green rates | |
Flexible installment structure | ? | |
Interest calculation | Actual / 365 days | |
Loan termination | ||
Partial payments | ||
KBN charge free | ||
Notification period for interest change | ||
Conversion of fixed product | ||
Debentures |