PANAMA CITY, June 8, 2020 /PRNewswire/ -- Banco
Latinoamericano de Comercio Exterior, S.A. ("Bladex" or the
"Bank"), announces its fifth issuance of Mexican corporate bonds
(Cebures) for the amount of MXN 3 billion (three billion Mexican
pesos).
The Notes have been issued under a dual-tranche structure, of
three and five years. The former with a floating-rate coupon of
28-day TIIE plus 58 basis points and the latter at M-Bono+140 basis
points.
In a highly volatile market environment, Bladex's issuance was
very well received by a diversified investor base, including
pension funds, insurance companies, investment companies, private
banks and treasuries. The total demand was oversubscribed by 1.55
times.
Mr. Jorge Salas, Chief Executive
Officer, and Mr. Eduardo Vivone,
Executive Vice President of Treasury and Capital Markets commented:
"We are very pleased with the success of this new Bladex placement,
as well as with the relevance it had for the Mexican capital
market, in a challenging global context. This is the first
transaction since the end of March
2020 with a wide participation from institutional investors,
and it will surely serve as reference for subsequent issuers. This
outcome clearly demonstrates investor confidence in our Bank's
franchise and solid financial profile. Likewise, we are
deeply satisfied to have become a recurrent issuer in this market,
as Banco de México is one of our founding shareholders. The
proceeds from this new issuance will be dedicated to support our
clients throughout the Region and especially in the Mexican market.
Finally, we would like to thank both bookrunners for a very
professional and seamless execution".
The issuance was rated "mxAAA" by S&P Global Ratings, S.A.
de C.V. and "AAA(mex)" by Fitch Mexico, S.A. de C.V. The arrangers
were Casa de Bolsa BBVA, S.A. de C.V., Grupo Financiero BBVA 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, 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)