Public debt to improve quality of life of Guanajuatenses

Guanajuato contracts public debt for 4 billion pesos to boost the State’s development with financial responsibility

Guanajuato/Gto News

The People’s Government, through the Secretary of Finance, carried out the public tender to contract debt for 4 billion pesos, divided into three loans for 700, 1,500 and 1,800 million pesos, which will be invested in projects and programs aimed at improving the quality of life of the people of Guanajuato and their families.

Finance Secretary Hector Salgado Banda said that, under the instructions of Governor Libia Dennise Garcia Munoz Ledo, the debt resources will be used exclusively for productive public investment projects, which will increase the State’s competitiveness, generate jobs, and strengthen balanced regional development.

As part of the 2026 Fiscal Package, the Congress of the State of Guanajuato authorized the contracting of financing for up to 8 billion pesos, divided into two decrees: number 163 for 4 billion pesos that will be allocated to the construction of the Solis-Leon Aqueduct; and number 164, also for 4 billion pesos to finance productive public investment.

The sectors where the public debts will be invested are:

• Optimize education infrastructure and equipment
• Infrastructure for social and sustainable development
• Mobility infrastructure for regional development
• Productive public investment for farming production
• Strengthening the infrastructure and equipment for medical care
• Infrastructure and equipment for citizen security and protection

The process to select the financial institutions was divided into three auctions, in which Banco del Bajio, BBVA, Banco Nacional de Mexico (Banamex), Banco Mercantil del Norte and Banco Santander participated.

As a final result, BBVA Mexico won two auctions: one for 1.8 billion pesos with a 20-year term and a 49 basis point spread, and another for 1.5 billion pesos with a 15-year term and a 46 basis point spread. 

Banamex won the auction for a 700 million pesos loan with a 10-year term and a 23 basis point spread.  

The process was carried out at the Guanajuato Convention Center through a real-time electronic platform that guaranteed open competition among financial institutions, absolute transparency in the information on surcharges and obtaining the best available market conditions, a model that has positioned Guanajuato as a national benchmark in innovative and transparent contracting mechanisms.

“It is important to note that, even with these loans, the State of Guanajuato will maintain a sustainable debt level across all indicators of the Early Warning System managed by the Federal Secretary of Finance and Public Credit. In fact, as part of the debt authorization process submitted to the State Congress, the State responsibly and proactively requested an impact analysis of the new financing from Fitch Ratings. The rating agency’s response was unequivocal: Guanajuato’s credit quality and rating would remain unchanged,” the Secretary informed.

International agencies S&P, Fitch Ratings and Moody’s have awarded Guanajuato the AAA rating, the highest that a Mexican State can access, for having financial discipline, institutional credibility and innovative market mechanisms that have allowed it to maintain a moderate level of debt and a solid liquidity position.

“Public debt, when managed with planning, transparency, and efficiency, is a development tool. In Guanajuato, debt is not contracted for current spending. It is contracted to build infrastructure, strengthen public services, and boost economic growth. Today, even in a complex economic environment, we are demonstrating that the trust of the markets in Guanajuato remains strong,” said Salgado Banda.

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