Bladex Successfully Launches Inaugural US$200 Million AT1 Notes Offering, Attracting Strong Global Investor Demand
Bladex (NYSE:BLX) has successfully completed its inaugural Additional Tier 1 (AT1) capital offering, raising US$200 million in perpetual, non-cumulative instruments. The offering, priced at a 7.50% coupon with an initial seven-year call date, attracted significant investor interest with more than 3x oversubscription.
The landmark transaction represents Bladex's first hybrid instrument in capital markets, aimed at optimizing its capital structure in compliance with Basel III framework. The multinational bank, rated BBB/Baa2/BBB by major rating agencies, will use the proceeds to strengthen its capital base and support future loan growth while maintaining strong capitalization levels.
Bladex (NYSE:BLX) ha completato con successo la sua prima emissione di capitale Additional Tier 1 (AT1), raccogliendo US$200 milioni in strumenti perpetui e non cumulativi. L'offerta, valutata con un coupon del 7,50% e una prima data di richiamo a sette anni, ha suscitato un notevole interesse degli investitori con oltre oversottoscrizione superiore a tre volte.
La transazione di rilievo rappresenta il primo strumento ibrido di Bladex nei mercati dei capitali, finalizzato a ottimizzare la struttura patrimoniale nel rispetto del quadro Basel III. La banca multinazionale, rating BBB/Baa2/BBB dalle principali agenzie di rating, utilizzerà i proventi per rafforzare la base patrimoniale e supportare la crescita futura dei prestiti, mantenendo al contempo solidi livelli di capitale.
Bladex (NYSE:BLX) ha completado con éxito su primera emisión de capital Additional Tier 1 (AT1), recaudando US$200 millones en instrumentos perpetuos y no cumulativos. La oferta, con cupón del 7,50% y una fecha de llamada inicial a siete años, atrajo un gran interés de los inversores con una suscripción superior a 3 veces.
La transacción emblemática representa el primer instrumento híbrido de Bladex en los mercados de capital, con el objetivo de optimizar su estructura de capital en cumplimiento del marco Basel III. El banco multinacional, calificado con BBB/Baa2/BBB por las principales agencias de rating, utilizará los fondos para fortalecer su base de capital y apoyar el crecimiento futuro de los préstamos, manteniendo al mismo tiempo niveles sólidos de capitalización.
Bladex (NYSE:BLX)는 inaugural Additional Tier 1 (AT1) 자본 발행을 성공적으로 완료하여 영구적이고 비누적형인 미화 2억 달러를 조달했습니다. 이 제안은 7.50%의 쿠폰과 초기 7년의 상환 가능일을 설정했으며, 투자자들의 관심을 끌어 3배 넘게 초과청약되었습니다.
이 획기적인 거래는 Basel III 프레임워크에 따라 자본구조를 최적화하기 위한 Bladex의 자본시장 첫 하이브리드 상품을 나타냅니다. 주요 신용평가사에 의해 BBB/Baa2/BBB로 평가된 이 다국적 은행은 조달금으로 자본기반을 강화하고 향후 대출성장을 지원하며, 동시에 견고한 자본 수준을 유지할 예정입니다.
Bladex (NYSE:BLX) a mené à bien avec succès sa première émission de capital Additional Tier 1 (AT1), levant 200 millions de dollars américains sous forme d'instruments perpétuels et non cumulatifs. L'offre, dotée d'un coupon de 7,50% et d'une date de rappel initiale à sept ans, a attiré un fort intérêt des investisseurs avec une oversubscription supérieure à 3 fois.
Cette transaction historique représente le premier instrument hybride de Bladex sur les marchés de capitaux, visant à optimiser sa structure de capital dans le cadre du Basel III. La banque multinationale, notée BBB/Baa2/BBB par les principales agences de rating, utilisera les fonds pour renforcer sa base de capital et soutenir la croissance future des prêts tout en maintenant des niveaux de capitalisation solides.
Bladex (NYSE:BLX) hat erfolgreich seine erste Additional Tier 1 (AT1) Kapitalemission abgeschlossen und US$200 Millionen in unbefristeten, nicht kumulativen Instrumenten aufgenommen. Das Angebot, mit einem Coupon von 7,50% und einem initialen siebenjährigen Call-Datum, zog erhebliches Investoreninteresse an und übertraf die Nachfrage um mehr als das Dreifache.
Die bahnbrechende Transaktion stellt Bladexs erstes Hybridinstrument an den Kapitalmärkten dar, mit dem Ziel, die Kapitalstruktur im Einklang mit dem Basel-III-Rahmenwerk zu optimieren. Die multinationale Bank, die von großen Rating-Agenturen mit BBB/Baa2/BBB bewertet wird, wird die Erlöse verwenden, um ihre Kapitalbasis zu stärken und das zukünftige Kreditwachstum zu unterstützen, während sie gleichzeitig solide Kapitalquoten beibehält.
بلادكس (المدرجة في نيويورك: BLX) أكملت بنجاح أول إصدار رأس مال من الدرجة الإضافية 1 (AT1)، حيث جمعت 200 مليون دولار أمريكي في أدوات دائمة وغير تراكمية. العروض تم تسعيرها بعائد 7.50% وتاريخ استدعاء ابتدائي قدره سبع سنوات، وجذب اهتماماً كبيراً من المستثمرين مع وجود طلب يفوق ثلاثة أضعاف الإمدادات.
هذه الصفقة الرائدة تمثل أول أداة هجينةBladex في أسواق رأس المال، بهدف تحسين هيكل رأس المال بما يتماشى مع إطار Basel III. ستستخدم البنك متعددة الجنسيات، المصنّف BBB/Baa2/BBB من قبل وكالات التصنيف الكبرى، العائدات لتعزيز قاعدته الرأسمالية ودعم نمو القروض المستقبلي مع الحفاظ في الوقت نفسه على مستويات رأس مال قوية.
Bladex（NYSE:BLX） 已成功完成其首次 Additional Tier 1（AT1） 资本发行，筹集 2 亿美元 的永久性、不可累积工具。该发行定价为 7.50% 的息票，初始七年的可赎回期，投资者需求强劲，超额认购率超过 3 倍。
这一里程碑式交易标志着Bladex在资本市场的首个混合工具，旨在在符合 Basel III 框架的前提下优化资本结构。该多国银行由主要评级机构评为 BBB/Baa2/BBB，将利用募集资金加强资本基础并支持未来的贷款增长，同时保持强劲的资本水平。
- Strong investor demand with 3x oversubscription indicating market confidence
- Successful pricing at 7.50% coupon rate for inaugural AT1 offering
- Strengthens capital base to support future loan growth
- Broadens access to new investor pools and enhances financial flexibility
- Lower credit rating for AT1 securities (BB-/Ba2/BB-) compared to corporate rating
- Perpetual nature of the securities may impact long-term debt structure
Insights
Bladex strengthens capital position with oversubscribed $200M AT1 issuance, enhancing growth capacity while maintaining regulatory compliance.
Bladex's inaugural $200 million Additional Tier 1 (AT1) capital offering represents a strategic enhancement to the bank's capital structure. The
This AT1 issuance serves multiple strategic objectives for Bladex. First, it optimizes their capital structure under Basel III requirements while maintaining regulatory compliance. Second, it provides the capital runway needed to expand their loan portfolio across Latin America, supporting their core trade finance operations. Third, it diversifies their investor base by tapping into new pools of global institutional capital.
The pricing of the issuance reflects Bladex's solid credit profile (rated BBB/Baa2/BBB by major agencies), with the AT1 securities themselves rated BB-/Ba2/BB-. The spread between these ratings is standard for AT1 instruments, which sit lower in the capital structure priority. The strong investor demand suggests the market views Bladex's fundamentals positively despite the instrument's subordinated nature.
This transaction enhances Bladex's financial flexibility without immediate dilution to existing equity holders, while supporting its strategic position as a key trade finance provider across Latin America. The management team's emphasis on maintaining capital levels "comfortably above regulatory requirements" signals a prudent approach to balance sheet management while pursuing growth opportunities.
This landmark transaction marks Bladex's debut of a hybrid instrument in the capital markets. The issuance is designed to optimize the Bank's capital structure, in full compliance with current local regulations and the Basel III framework. Proceeds will be used to further strengthen Bladex's capital base, supporting future loan growth while maintaining capitalization levels comfortably above regulatory requirements.
Jorge Salas, Chief Executive Officer of Bladex, said:
"This issuance represents a key milestone in Bladex's transformation journey, broadening access to new investor pools and reinforcing its long-term growth strategy, while also strengthening the Bank's capital position. A stronger capital base further supports our ability to finance trade flows and serve corporate clients across
Annette van Hoorde de Solis, Chief Financial Officer of Bladex, added:
"We are very pleased with the outcome of our inaugural AT1 issuance, which broadens our access to global capital markets and enhances our financial flexibility. The strong oversubscription allowed us to achieve highly competitive pricing while raising additional resources to prudently expand our loan portfolio and maintain robust capital and liquidity metrics. We would like to thank our Global Coordinators, Bank of America and J.P. Morgan, as well as Jefferies in its role as Bookrunner, for their highly professional execution."
The transaction was jointly led by Bank of America Securities and J.P. Morgan Securities, LLC as Global Coordinators, with Jefferies acting as Bookrunner.
Bladex is rated BBB/Baa2/BBB (S&P/Moody's/Fitch), and the AT1 securities are rated BB-/Ba2/BB- (S&P/Moody's/Fitch)
Bladex is a multinational bank established in 1979 by the central banks of
Contact:
Carlos Raad
EVP - Chief Investor Relations Officer and Sustainability
Email: ir@bladex.com
Head Office Address: Edificio Business Park, Torre V, Avenida La Rotonda, Urb. Costa del Este,
www.bladex.com
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SOURCE Bladex
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