Bladex leads successful international syndication of a $100 million 36-Month Senior Unsecured Trade Finance Facility for Banco Interamericano de Finanzas S.A. ("BanBif") Peru

PR Newswire

PANAMA CITY, Jan. 17, 2014 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. ("Bladex" or the "Bank"; NYSE: BLX) announced the closing of a US$100 million 3-year bullet syndicated Facility in favor of Banco Interamericano de Finanzas S.A. ("BanBif").  Controlled by Grupo Empresarial Fierro, a Spanish conglomerate with diversified interests in Latin America, BanBif is the fifth largest bank in Peru in terms of deposits and loans.  BanBif is rated BBB- by Fitch.

Bladex was the Sole Lead Arranger, Bookrunner, and Administrative Agent under the Facility.

This transaction represents BanBif's first syndicated loan in the international markets, successfully broadening its sources of funding. Proceeds will be used to support the growth of BanBif's trade-related operations.

The transaction was oversubscribed, attracting the interest of several leading financial institutions based in Europe, United States of America, Peru, Brazil, Chile and Panama.

The Syndication comprised a two-stage strategy, with a Mandated Lead Arranger Syndication launched in early October, followed by a General Syndication in early November.  The deal closed during the first week of January 2014.

This transaction underscores Bladex's growing franchise in the Latin American syndicated loan market and highlights the Bank´s commitment to support its clients in securing medium-term financing to foster the growth of their business activities.

Bladex is a Panama-based supranational bank established by the central banks of Latin-American and Caribbean countries, to promote foreign trade finance and economic integration in the Region.  Bladex is listed on the NYSE-Euronext in the United States of America (ticker symbol: BLX). 

Bladex's shareholders include central banks, state-owned banks and entities representing 23 Latin American countries, as well as commercial banks and financial institutions, institutional and retail investors through its public listing. 

The Bank has offices in Argentina, Brazil, Colombia, Mexico, Panama, Peru, and the United States of America, to support the expansion and servicing of its client base, which includes financial institutions and corporations. 

For more information, please access our website at www.bladex.com or contact:
Mr. Christopher Schech, Chief Financial Officer, Bladex
Business Park Torre V, Piso 5 / Avenida La Rotonda / Urbanizacion Costa del Este
Panama City, Panama
Tel: (+507) 210-8630 
E-mail address: cschech@bladex.com 

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