PANAMA CITY, Sept. 14, 2020 /PRNewswire/ -- Banco
Latinoamericano de Comercio Exterior, S.A. ("Bladex" or the
"Bank"), announced today its third issue in the 144A/Reg S market
for US$400 million. The five-year
term bonds pay a fixed rate coupon of 2.375%.
Mr. Eduardo Vivone, Executive
Vice President of Treasury and Capital Markets, commented: "We are
very pleased with the success of this new bond issuance, which was
oversubscribed more than four times and attracted investors from
the United States, Europe, Asia,
and Latin America. Due to the
strong demand, the bond could be placed at the lowest coupon of all
144A/Reg S issued by Bladex. With this transaction, we will
continue to strengthen and diversify our funding base, which has
categorically demonstrated its high stability and resilience in the
current environment."
Mr. Jorge Salas, Bladex CEO,
stated: "The strong demand clearly demonstrates investor confidence
in the strength and versatility of Bladex's business model to
successfully face the challenging global economic
environment. We are aware of the important role that we are
called to play in these demanding times that Latin America is going through, and these new
resources will enable Bladex to continue supporting its clients in
a decisive manner, to fulfill our mission of promoting foreign
trade and regional integration. On a final note, I would like
to express our appreciation to the underwriting banks, whose
efficient performance was essential for the successful completion
of this new transaction."
Bank of America, SMBC Nikko Securities and Mizuho Securities
acted as Bookrunners. The bonds were rated Baa2 by Moody's
Investors Service and BBB by S&P Global Ratings.
Bladex, a multinational bank originally established by the
central banks of Latin-American and Caribbean countries, began operations in 1979
to promote foreign trade and economic integration in the Region.
The Bank, headquartered in Panama,
also has offices in Argentina,
Brazil, Colombia, Mexico, the United
States of America, and a Representative License in
Peru, supporting the regional
expansion and servicing of 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.
For further information on Bladex, please access its website at
www.bladex.com or contact:
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)