City of North Battleford Regular Council Meeting Revised Agenda 2026-05-25
BMO swap loan finances Cuplex to 2032
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Description
North Battleford continues to finance the Credit Union Cuplex through a Bank of Montreal swap loan at 2.465% interest, with $5.04 million outstanding and a maturity date of June 1, 2032. The loan forms part of the City’s long-term debt portfolio.
Contract Details
Vendor
BANK OF MONTREAL
Agency
City of North Battleford, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
May 25, 2026
Contract Term
Swap loan for Cuplex maturing June 1, 2032
Renewal Date
2032-06-01
Renewal Info
Loan amortizes to June 1, 2032 under a fixed-rate swap structure; any refinancing or extension beyond that date would require a new agreement.
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