Villarrobledo City Council seeks 1.5 million euro loan

The Villarrobledo City Council has initiated a process to secure a 1.5 million euro loan to address a temporary treasury deficit. The credit operation is intended to provide short-term liquidity and will have a maximum duration of one year from the signing of the contract.

The loan will feature a variable interest rate linked to the three-month Euribor, plus a differential determined by the bidding financial institution. The interest rate will account for 90% of the selection criteria. The council has specified that the loan should be contracted without commissions, with the exception of a non-availability fee capped at 0.10% per annum on unused funds.