ADDENDUM No (1)AMENDMENT TERMS AND EXTENSION OF THE DATE OF DUE INSTALLMENTS OF THE LOAN TO SUPPORT THE GENERAL BUDGET OF THE REPUBLIC OF SERBIA - LOAN 3051 ("Off. Herald of RS - Treaties", No. 7/2024) |
On this day the Wednesday 3/7/2024, this Addendum has been entered By & Between:
Abu Dhabi Fund for Development, hereinafter shall be referred to as the "Fund", and
The Government of the Republic of Serbia, hereinafter shall be referred to as the "Borrower", and
Preamble
Whereas, the Borrower and the Fund entered on the 11th of September 2022 into a Loan Agreement in the amount of USD. 1,000,000,000 as per the conditions listed in it,
Whereas, the Borrower has requested in their letter No. 002038735 2024 10527 000 000 000 001 from The Ministry of Finance dated 25 June 2024 to an amendment in terms and extend the Date of due Installments of the Loan to Support the General Budget of the Republic of Serbia from 9 December 2024 to 9 December 2026,
Whereas, the Fund has agreed on the borrower request,
Therefore, both parties agree to the following:
1. The preamble shall be considered an integral part of this Addendum.
2. Increase the interest rate on the loan to become 4% including administration charge at rate of half of percent (0.5%) per annum on the principal amount of the loan withdrawn and outstanding.
3. Extension of the Date of due Installments of the loan to Support the General Budget of Republic of Serbia to 09 December 2026, as stated in the amended repayment schedule for Loan No. (1) attached to this Addendum.
4. All other terms, conditions and schedules in the said Loan Agreement of the 11th of September 2022 shall remain applicable and in force.
In Witness Whereof, this Addendum has been signed in 2 original copies at counterparts.
For/ The Government of the Republic of Serbia |
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For/ Abu Dhabi Fund for Development |
Slavica Savicic |
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Mohammed Saif Al Suwaidi |
State Secretary at the Minister of Finance |
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Director General |
Addendum Schedule (I)
Schedule of Amortization
Support The General Budget of the Republic of Serbia
No. of Installment |
Date of due Installments |
Total Amount of due Installments |
1 |
09/12/2026 |
1,000,000,000 |
Total in USD (One Billion US$) |
1,000,000,000 |
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