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Bladex announces new debt issuance in Mexico

1. Bladex issued MXN 4 billion in Cebures in Mexico. 2. Strong investor demand exceeded expected amounts for the offering. 3. Funds will finance initiatives in Mexico and Latin America. 4. Cebures issuance received high credit ratings from S&P and Fitch. 5. Mexico is a crucial market for Bladex's business strategy.

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FAQ

Why Bullish?

The successful issuance reflects strong market confidence in Bladex. Similar past placements led to stock price increases.

How important is it?

The issuance underscores Bladex's growth trajectory and ability to attract investment.

Why Short Term?

Immediate demand and financing for initiatives suggest short-term positive impacts. Previous issuances have shown immediate positive stock responses.

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BBVASAN
, /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. ("Bladex" or "the Bank"; NYSE: BLX) announced a new issuance of Cebures (Certificados Bursátiles de Largo Plazo) in the Mexican capital markets for a total amount of MXN 4 billion (four billion Mexican pesos). The notes were issued with a three-year tenor, at a floating rate, with a coupon of the one-business-day TIIE de Fondeo (Equilibrium Interbank Funding Interest Rate) + 59 basis points. The transaction saw demand significantly exceeding the offered amount, with an order book comprised of pension funds, asset managers, and financial institutions. "We are very pleased with the outcome of this new placement. Once again, Bladex has received strong support from investors in the Mexican market, which has become the primary destination for our public debt issuances. We would like to extend our sincere appreciation to the placement agents for their professionalism and dedication in executing this transaction," said Eduardo Vivone, Executive Vice President of Treasury and Capital Markets at Bladex. Jorge Salas, Chief Executive Officer of Bladex, added: "Mexico is a key market for the development of our business strategy. The strong response to this new placement reflects recognition of Bladex's continued growth and consolidation, as well as our ability to consistently enhance shareholder returns, backed by a solid financial position and strong credit portfolio performance. The proceeds will be used to finance new initiatives in Mexico and across Latin America and the Caribbean." The issuance was rated "mxAAA" by S&P Global Ratings, S.A. de C.V., and "AAA (mex)" by Fitch México, S.A. de C.V. Casa de Bolsa BBVA México, S.A. de C.V., Grupo Financiero BBVA México, and Casa de Bolsa Santander, S.A. de C.V., Grupo Financiero Santander México, acted as bookrunners and Actinver Casa de Bolsa, S.A. de C.V., Grupo Financiero Actinver acted as joint lead manager. Bladex is a multinational bank established in 1979 by the central banks of Latin America and the Caribbean to promote trade finance and economic integration in the region. Headquartered in Panama, with representative offices in Argentina, Brazil, Colombia, and Mexico, and a representative agency in the United States, the Bank provides financial solutions to institutions and corporations throughout the region. Bladex has been listed on the New York Stock Exchange (NYSE: BLX) since 1992 and on the Mexican Stock Exchange for over a decade. Its shareholder base includes central banks, government entities, and banks from twenty-three Latin American countries, as well as institutional and private investors. For more information about Bladex, please visit www.bladex.com or contact: Peter Stanziola - SVP, Treasury and Capital MarketsEmail: [email protected]Phone.: +507-210-8500Head Office Address: Edificio Business Park, Torre V, Avenida La Rotonda, Urb. Costa del Este, Panama, Republic of Panama. SOURCE Banco Latinoamericano de Comercio Exterior, S.A. (Bladex) WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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