PANAMA
CITY, July 20, 2023 /PRNewswire/ -- Banco
Latinoamericano de Comercio Exterior, S.A. ("Bladex" or the "Bank";
NYSE: BLX) announces its new issuance of Cebures ("Certificados
Públicos Bursátiles") in the Mexican capital markets, in the amount
of MXN 4,000 million (Mexican Pesos four
billion).
The Notes have been issued under a dual-tranche structure, of
three and five years, amounting respectively to MXN 2,500 million
and MXN 1,500 million. The former with a floating-rate coupon of
28-day TIIE plus 45 basis points and the latter with a fixed rate
coupon equivalent to M-Bono+85 basis points. The issuance was
supported by a robust book of orders from a diversified investor
base made up of pension funds, insurance companies, and asset
managers.
Eduardo Vivone, Executive Vice
President-Treasury and Capital markets commented: "We are very
pleased with the success of this new debt placement. Bladex is a
recurrent issuer in the Mexican Debt Capital Markets, that provides
us with a very efficient framework for the generation of new
financial resources to continue supporting our clients across the
whole Latin American Region. I would like to thank both bookrunners
for their high level of professionalism in the seamless execution
of this transaction."
Mr. Jorge Salas, Bladex's Chief
Executive Officer, added: "Mexico
is a very relevant market for Bladex and we would like to reaffirm
our compromise to support our clients' growth and expansion at both
national and regional levels. The success of this new issuance is a
clear indication of investor confidence in Bladex's strong
financial performance and in the success of our strategic plan,
that has allowed us to substantially increase our levels of
profitability within the framework of robust credit quality
indicators."
The issuance was rated "mxAAA" by STANDARD & POOR'S, S.A. DE
C.V. and "AAA(mex)" by FITCH MEXICO, S.A. DE C.V. The arrangers were Casa
de Bolsa BBVA Bancomer, S.A. de C.V., Grupo Financiero BBVA
Bancomer and Casa de Bolsa Santander, S.A. de C.V., Grupo
Financiero Santander México.
Bladex, a multinational bank originally established by the
central banks of Latin-American and Caribbean countries, initiated operations in
1979 to promote foreign trade finance and economic integration in
the region. The Bank, headquartered in Panama, also counts with offices in
Argentina, Brazil, Colombia, Mexico, and the
United States of America, supporting the regional expansion
and servicing its customer base, which includes financial
institutions and corporations.
Bladex is listed on the NYSE in the
United States of America (NYSE: BLX), since 1992, and its
shareholders include: central banks and state-owned banks and
entities representing 23 Latin American countries; commercial banks
and financial institutions; and institutional and retail investors
through its public listing.
Annette vH de Solís - Senior Vicepresident | ALM &
Funding
E-mail address: asolis@bladex.com. Tel.: +507-210-8560
Head Office Address: Torre V, Business Park, Ave. La Rotonda, Urb.
Costa del Este,
Panama, Republic of Panama
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SOURCE Banco Latinoamericano de Comercio Exterior, S.A.
(Bladex)