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Bladex successfully launches new issue in international equity market | tidings

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PANAMA CITY, 14 September 2020 / PRNewswire / – Banco Latinoamericano de Comercio External, SA (“Bladex” or “Bank”), today announced its third market number 144A / Reg S for $ 400 million. Five-year bonds pay a fixed rate coupon of 2.375%.

Lord. Eduardo Vivone, The Executive Vice President of Treasury and Capital Markets, commented: “We are very pleased with the success of this issue of new bonds, which was signed more than four times and attracted investors from United States, Europe, Asia, and Latin America. Due to strong demand, the bond can be placed on 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.”

Lord. Jorge Salas, CEO of Bladex, stated: “Strong demand clearly demonstrates investor confidence in the strength and agility of Bladex’s business model to successfully cope with the challenging global economic environment. We are aware of the important role we are called to play in these demanding times that Latin America is going through, and these new resources will enable Bladex to continue to support its customers in a crucial way, to fulfill our mission of promoting foreign trade and regional integration. In a final note, I would like to express our appreciation to the signatory banks, whose efficient performance was essential to the successful completion of this new transaction. “

Bank of America, SMBC Nikko Securities and Mizuho Securities acted as Librarians. The bonds were rated Baa2 by Moody’s Investors Service and BBB by S&P Global Ratings.

Bladex, a multinational bank originally established by Latin American central banks and Caribbean countries, began operations in 1979 to boost foreign trade and economic integration in the Region. Bank, headquartered in Panama, also has offices in Argentina, Brazil, Colombia, Mexico, United States, and a representation license in Peru, supporting regional expansion and servicing its customer base, which includes financial institutions and corporations.

Bladex is listed on the NYSE at United States (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 use its page at www.bladex.com or contact:

Annette vH de Sols – Senior Vice President ALM & Financing
Email address: [email protected] 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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