This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Bladex Announces US$400 Million Bond Issuance

PANAMA CITY, March 29, 2012 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. (Bladex) (NYSE: BLX), announced the issuance of a US$400 million bond, the Bank's first 144A/Reg S transaction in several years.  The bonds, which mature in 2017, pay a fixed rate coupon of 3.75%.  The issue was substantially oversubscribed and placed with global institutional and retail investors.

Mr. Gregory Testerman, Bladex's Executive Vice President of Treasury & Capital Markets, commented, "Bladex's successful bond issuance demonstrates the attractiveness of top-tier Latin American issuers to global investors. Taken together with the Bank's recent issuance of peso-denominated bonds in the local Mexican market, Bladex continues to reinforce its medium-term liquidity, placing the Bank in a privileged position to respond to the growing financing needs of clients".

Mr. Jaime Rivera, Bladex's Chief Executive Officer, stated, "Bladex's recent capital market activities signal the Bank's confidence in the continued growth of Latin America's trade flows, while at the same time strengthening and diversifying the mix and duration of the Bank's liabilities. Bladex is particularly satisfied with the broad base of global investors that participated in the issuance, which reflects investor confidence in Bladex's brand and business model".

The bonds were rated "BBB" by both Standard & Poor's and Fitch.

The bookrunners for this issuance were Bank of America-Merrill Lynch and Credit Suisse.

Bladex is a supranational bank originally established by the central banks of the Latin American and the Caribbean countries ("the Region"), to promote trade financing in the Region.  Established in Panama, its shareholders include central banks and commercial banks from 23 countries in the Region, as well as Latin-American and international banks, and private investors through the New York Stock Exchange.

For further information, please access Bladex's website on the Internet at www.bladex.com or contact:

Bladex, Head Office, Calle 50 y Aquilino de la Guardia, Panama, Republic of PanamaAttention:  Mr. Christopher Schech, Senior Vice President & Chief Financial OfficerTel.: (507) 210-8630, E-mail:   cschech@bladex.com-or-i-advize Corporate Communications, Inc., 20 Broad Street, 25th Floor, New York, NY  10005Attention:  Ms. Melanie Carpenter or Mr. Peter MajeskiTel.: (212) 406-3694, E-mail: bladex@i-advize.com

SOURCE Banco Latinoamericano de Comercio Exterior, S.A.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,912.11 -70.48 -0.42%
S&P 500 1,969.95 -8.96 -0.45%
NASDAQ 4,442.6980 -2.2110 -0.05%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs