EMVISMESA tenders a 4.5 million loan for its 2026 investments

The Municipal Housing and Land Company of Melilla, S.A. (EMVISMESA) has opened a public tender for a long-term credit operation in the amount of 4,500,000.00 euros, intended to partially finance the real investments included in its action program for the 2026 fiscal year. The tender announcement, processed via an open procedure, is published in the Official Gazette of the Autonomous City of Melilla (BOME) number 6414, dated September 15, 2026, under reference BOME-A-2026-1037.

The operation is structured through a private loan agreement, with CPV code 66113000 (credit granting services), and its place of execution is the Autonomous City of Melilla. The base tender budget excluding taxes and the estimated value of the contract both amount to 4,500,000.00 euros.

Processing of the file

The file began on April 1, 2026, when the Management of EMVISMESA formulated the proposal to initiate the credit operation. The Board of Directors of the public company approved the initiation in its session on April 8, 2026, and on July 23, 2026, it gave the green light to the procurement terms.

The procedure has favorable reports from the control bodies of the Autonomous City:

• Favorable report from the General Treasury of the Autonomous City of Melilla, regarding the arrangement of the operation in terms of financial prudence.
• Favorable report from the General Comptroller of the Autonomous City of Melilla, within the framework of permanent non-plannable financial control.
• Favorable report of Necessity and Justification of the procedure, dated April 20, 2026.

Characteristics of the operation

The loan presents the following technical conditions:

• Purpose: financing of investment expenses from the 2026 Budget of EMVISMESA.
• Maximum amount: 4,500,000.00 euros.
• Term: 12 years, with two initial years of gradual capital disbursement and a grace period for amortization.
• Interest rate: variable, indexed to the Quarterly Euribor plus a spread.
• Amortization: constant (French system) and quarterly installments.
• Commissions: no commissions of any kind will be permitted.
• Guarantees: no bonds or additional guarantees will be required.
• Formalization: before the General Secretariat of EMVISMESA, acting as the public notary.

Submission of bids

Interested entities will have a period of 15 calendar days to submit their proposals, counted from the day following the publication of the announcement in the BOME until 2:00 PM on the final day. Offers must be delivered to the General Secretariat of EMVISMESA, in a sealed envelope signed by the bidder, bearing the legend “PROPOSAL FOR THE AWARD OF EMVISMESA’S 2026 LONG-TERM LOAN OPERATION.”

Full details of the tender are available in the contractor profile on the company’s website (www.emvismesa.es), and economic or budgetary inquiries may be directed to the email contabilidad@emvismesa.es. The announcement is signed by the General Secretary of EMVISMESA, Ms. Mª Inmaculada del Campo Sedano, dated September 9, 2026.

The raising of these 4.5 million euros will allow the municipal housing and land company of Melilla to sustain its 2026 investment program in a context of variable interest rates, without commission costs or requirements for additional guarantees. The operation reinforces EMVISMESA’s capacity to undertake its actions regarding housing and land in the city, a strategic area for the urban and social development of Melilla.

Source: Official Gazette of the Autonomous City of Melilla, number 6414, September 15, 2026, pág. 4735-4736 (official reference: BOME-A-2026-1037).