translated from Spanish: They restructured the debts of LED lamps with Banobras

Guasave, Sinaloa-the restructuring of the debt of LED lamps with Banobras is a fact, said the municipal treasurer, after analyzing the proposals of at least four banking institutions, both private and Government.
The amount that is still prevalent amounts to more than 87 million pesos. Restructuring
Joel Castañeda Quintero, city treasurer, said that you for the restructuring of the debt, specifically of LED lamps, evaluated the different offerings that made them at least four banking institutions, both private and Government, highlighting Banobras is that most favors them on the issue.” Until now, it seems that who gives one of the best conditions is Banobras, but we need to confirm some aspects that can be modified substantially the amount of the payment and the rates, but we are already entering the route of refinancing this credit, this has already “it is a process that does not stop, then remove it of Bansi, that is who has the credit currently”, said.

The Treasurer explained that the banking institution currently has credit charges a rate of annual interest of 14 points, while banking which moved the debt offered lower rates of interest to 10 points, which represents a considerable saving to the municipality. Castañeda Quintero explained still does not have a specific date so that payments begin to occur to Banobras.
We have no date yet because that will depend on the speed with which delivered the paperwork and processing, and everything that has to do with the formality of the case, to retrasladar this debt.”

The debt
“According to the information provided by the official, to credit him still six years to complete and are currently owed 87 million 877 thousand pesos, of the total of the acquired credit.” The status that we have right now the credit is as follows: the start date was in February 2016 with a balance of 111 million 995 pesos and the current balance is 87 million 877 thousand pesos; then, this agreement still left him six years and that led us to assess the bids of debt.” To the be questioned about the amount that the current Government has covered such debt, Castañeda Quintero explained that they are more than 24 million.
What us the balance we’ve covered are 24 thousand 118 million pesos, with a monthly repayment of capital of 710 pesos and a monthly interest, which must here be annualized, 107 million pesos.”



Original source in Spanish

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