Regulatory Alerts2020-02-07
Resolution of 5 February 2020 updating Annex 1 on maximum financing costs for autonomous communities and local entities
The Secretary General of the Treasury and International Financing issued a resolution updating Annex 1 to define the maximum total cost of borrowing and derivatives for autonomous communities and local entities. The update establishes fixed interest rates and maximum differentials over Euribor benchmarks based on market prices from 3 February 2020 to ensure compliance with financial prudency principles. Additionally, the resolution permits loans to be formalized at a 0% interest rate if the calculated maximum total cost of financing is negative.
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