The BBVA bank was the main winner of the tender to refinance a first block of long-term public debt launched by the State Government this year.
According to the result of the call SH-LPDP-005-2024, released by the state Treasury Secretariat, this institution was left with two credits that total 5 thousand 728.8 million pesos (mdp), or 59 percent of the 9 thousand 723.4 million pesos offered on August 7. BBVA, as seen in the records of the Ministry of Finance and Public Credit (SHCP), was already the main creditor of this first group with two loans for 4,728.8 million that matured in 2039, so it increased by one billion and at less than a decade what was credited to Chihuahua because the two new liabilities have a term of 25 years, or until 2049, if they are signed in 2024. Regarding the two original financings, the Single Current Public Registry of the SHCP shows that they were contracted in 2019 : one for 3 billion over 20 years, of which 2,941.3 million pesos remained at an effective rate of 8.8 percent; and another for 1,852.5 million pesos for the same term and of which there was a balance of 1,787.4 million pesos at a cost of 9.6 percent. Other banks chosen in this tender were Santander, which had two of the commitments to restructure, for 3 thousand 39.4 million pesos between them, and which now has four for 2 thousand 494.6 million pesos in total, while Banorte, which had one for 1 thousand 470.6 million pesos , now he has another one for 1,500 million pesos. In general, the six loans called for a total of 9,723.4 million pesos at an average effective rate of 9.22 percent and all maturing in 2039 became seven for the same amount at an average effective rate of 9.21 percent. To 8 thousand 228.8 million pesos of this tendered capital, in addition, a decade of payments is added because two of Santander and Banorte, like those of BBVA, were set at 25 years, so their maturity period also increased. at least until 2049. Regarding another 1,494.6 million, which are from Santander, the debt increased for at least five years, since it is 20 years away. The state Treasury Department, the ruling indicates, determined to choose those offers for the award of the loans “because they have the lowest financial cost.” The resolution, issued on September 26, sets the signing of the contracts for today, October 4. The tendered amount is part of 32,529.2 million pesos in credits already on the State Government and whose refinancing – or search for better payment conditions – was authorized by the local Congress since December 2023.
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