San Luis Potosi Gets MXP1.5bn Loan

The Mexican state of San Luis Potosi has signed a 20-year MXP1.5bn loan with Banco del Bajio. The facility pays interest at a spread to TIIE, which state finance officials decline to disclose. San Luis Potosi will use proceeds to cover expenses, according to a report from Fitch, which rates the loan A+ on a national scale. It will be repaid from a trust receiving federal funds earmarked for the state.