Bladex announces new debt issuance in Mexico

Rhea-AI Summary

Bladex (NYSE: BLX) has successfully completed a new debt issuance in the Mexican capital markets, raising MXN 4 billion through Certificados Bursátiles de Largo Plazo (Cebures). The three-year notes feature a floating rate coupon of TIIE de Fondeo plus 59 basis points.

The issuance received strong investor demand, attracting pension funds, asset managers, and financial institutions. The notes earned top ratings of "mxAAA" from S&P Global and "AAA (mex)" from Fitch México. BBVA México and Santander México acted as bookrunners, with Actinver as joint lead manager.

The proceeds will support Bladex's business initiatives across Mexico and Latin America, reinforcing the bank's commitment to promoting trade finance and economic integration in the region.

Positive

• Strong investor demand exceeded the offered amount
• Achieved top credit ratings from S&P (mxAAA) and Fitch (AAA mex)
• Successfully raised MXN 4 billion in debt financing
• Diverse investor base including pension funds, asset managers, and financial institutions

Negative

• Additional debt increases the company's leverage
• Exposure to Mexican peso exchange rate fluctuations
• Interest rate risk due to floating rate structure

News Market Reaction – BLX

+5.34%

1 alert

+5.34% News Effect

On the day this news was published, BLX gained 5.34%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

PANAMA CITY, Aug. 11, 2025 /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 Markets
Email: pstanziola@bladex.com
Phone.: +507-210-8500
Head Office Address: Edificio Business Park, Torre V, Avenida La Rotonda, Urb. Costa del Este, Panama, Republic of Panama.

View original content:https://www.prnewswire.com/news-releases/bladex-announces-new-debt-issuance-in-mexico-302525627.html

SOURCE Banco Latinoamericano de Comercio Exterior, S.A. (Bladex)

FAQ

What is the size and terms of Bladex's new debt issuance in Mexico?

Bladex issued MXN 4 billion in Cebures with a three-year tenor at a floating rate of TIIE de Fondeo plus 59 basis points.

How will Bladex (BLX) use the proceeds from the Mexican debt issuance?

The proceeds will be used to finance new initiatives in Mexico and across Latin America and the Caribbean, supporting the bank's business strategy.

What credit ratings did Bladex receive for its Mexican debt issuance?

The issuance received top ratings of mxAAA from S&P Global Ratings and AAA (mex) from Fitch México.

Who were the main investors in Bladex's Mexican debt issuance?

The order book was comprised of pension funds, asset managers, and financial institutions, with demand significantly exceeding the offered amount.

Who were the bookrunners for Bladex's Mexican debt issuance?

Casa de Bolsa BBVA México and Casa de Bolsa Santander acted as bookrunners, with Actinver Casa de Bolsa as joint lead manager.