Nuevo León will stop paying 1,038 million pesos for credit refinancing with Banorte and Banobras

Monterey, NL. The government of New Leon achieved the refinancing of credits contracted with Financial group Banorte and the National Bank of Public Works and Services (Banobras), with which it will stop paying during the present administration 1,038 million pesos corresponding to interest.

The Secretary of Finance and General Treasurer of Nuevo León, Carlos Garza Ibarra, reported that the refinancing of loans for 14,151 million pesos, which were contracted with an interest rate of 0.877%, which decreased to 0.453%, was completed, although the Financing term went from 18.6 years to 25 years.

The local official clarified that although this refinancing has a positive impact on finances, the Government of Nuevo Leon“it is important that citizens know that this does not mean that we will have the resources that were going to be paid as interest, but that it will no longer be necessary to pay them, since the new agreed interest rate is lower than the original ”.

This process corresponds to the third stage of refinancing the debt of the Government of New Lion. On this occasion, 10 credits were refinanced, which together add up to 14,151 million pesos, contracted to be used for productive public investment.

The public debt of Government of Nuevo Leon It amounts to 53,713.1 million pesos as of June 30, 2022, according to data from the State Secretary of Finance and General Treasury.

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