The city is going to take 4.825 billion forints as a loan but the stock will decrease as 5.3 billion forints will be spent on repayments.
It is the Erste Bank that the municipality of Debrecen is going to take the Euro-based loan from. The cost of borrowing is 1.26 billion Forints. Besides Erste, the UniCredit Bank Hungary Zrt. also made an offer during the restricted process. The proposals were judged on the basis of the consideration. The local government said the borrowing would not increase the stock but decrease it by 500 million Forints.