Regulatory Alerts2022-02-04
Resolution of 3 February 2022 by the General Secretariat for Treasury and International Financing updating Annex 1 to the Resolution of 4 July 2017 on financial prudence principles for autonomous communities and local entities
The General Secretariat for Treasury and International Financing issued this resolution to update Annex 1 of the July 2017 financial prudence resolution, establishing the maximum financing costs for debt operations by autonomous communities and local entities. The document provides a comprehensive table of maximum fixed annual interest rates and maximum differentials over EURIBOR benchmarks for various operational maturities, based on data collected on February 2, 2022. It further specifies that if the calculated maximum total cost is negative, loans may be formalized at a 0% interest rate and outlines the linear interpolation method for maturities not explicitly listed in the table.
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