City of North Battleford Regular Council Meeting Revised Agenda 2026-05-25
Royal Bank swap loans finance long-term city projects
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Description
North Battleford’s capital program is supported by multiple Royal Bank swap loans totaling roughly $22.24 million outstanding as of December 31, 2025, with fixed rates between 2.37% and 5.35% and maturities extending to 2046. These loans finance key projects including the sewage treatment plant, land development, and major road and utility works.
Contract Details
Vendor
ROYAL BANK
Agency
City of North Battleford, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
May 25, 2026
Contract Term
Multiple swap loans maturing between October 1, 2030 and October 11, 2046
Renewal Date
2046-10-11
Renewal Info
Each Royal Bank swap loan amortizes to its stated maturity date (earliest October 1, 2030; latest October 11, 2046). Any refinancing or extensions would require new agreements at or before maturity.
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