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Signed all credit operations plan payments to providers of the City of Torre Pacheco (28/05/2012)

The City of Torre Pacheco finished signing the last week, eleven credit transactions for a total of 16,911,385.19 euros, included within the plan payments to providers of local authorities established by the Government of Spain.

The credits are signed within ten years and have set an interest rate of 5.9 percent quarterly reviewable.

These credit operations have been signed with the eleven banks previously selected by the Ministry of Finance and Public Administration, upon approval of the Adjustment Plan submitted by the municipality of Torre Pacheco, as established by Royal Decree that governs this mechanism special payments to suppliers.

The eleven banks with which they have signed credit operations are BBVA, La Caixa, Banco Santander, Banco Popular, Banesto, Banco Sabadell, CAM Bank, Bankinter, Spanish Cooperative Bank, Novagalicia and Bankia.

These banks made transfer payments to suppliers automatically and directly after ICO instruct them through its online platform.

It has been agreed and payment dates 30 and 31 May.

Source: Ayuntamiento de Torre Pacheco

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