By Christine Van Dusen
Atlanta, April 30 – Panama’s Banco Latinoamericano de Comercio Exterior (Bladex) priced $300 million 3¼% notes due in April 2020 (expected ratings: Baa2//BBB+) at 99.653 to yield Treasuries plus 190 basis points, a syndicate source said.
The notes were talked at a spread in the 200 bps area.
BofA Merrill Lynch and Citigroup are the bookrunners for the Rule 144A and Regulation S deal.
The Panama City-based supranational bank was established by the central banks of Latin American and Caribbean countries.
| Issuer: | Banco Latinoamericano de Comercio Exterior (Bladex)
|
| Amount: | $300 million
|
| Maturity: | April 2020
|
| Description: | Notes
|
| Bookrunners: | BofA Merrill Lynch, Citigroup
|
| Coupon: | 3¼%
|
| Price: | 99.653
|
| Spread: | Treasures plus 190 bps
|
| Trade date: | April 30
|
| Expected ratings: | Moody’s: Baa2
|
| Fitch: BBB+
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | Treasuries plus 200 bps area
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
