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Published on 9/14/2020 in the Prospect News Emerging Markets Daily.

New Issue: Panama’s Bladex prices $400 million 2 3/8% notes due 2025

By Wendy Van Sickle

Columbus, Ohio, Sept. 14 – Panama’s Banco Latinoamericano de Comercio Exterior (Bladex) priced $400 million 2 3/8% five-year notes (ratings: Baa2/BBB/), according to a news release.

Bank of America, SMBC Nikko Securities and Mizuho Securities 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:$400 million
Tenor:Five years
Description:Notes
Bookrunners:Bank of America, SMBC Nikko Securities and Mizuho Securities
Coupon:2 3/8%
Trade date:Sept. 14
Ratings:Moody’s: Baa2
S&P: BBB
Distribution:Rule 144A and Regulation S

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