Bladex announces new debt issuance in Mexico
Bladex (NYSE: BLX) has successfully completed a new debt issuance in the Mexican capital markets, raising MXN 4 billion through Certificados Burs谩tiles de Largo Plazo (Cebures). The three-year notes feature a floating rate coupon of TIIE de Fondeo plus 59 basis points.
The issuance received strong investor demand, attracting pension funds, asset managers, and financial institutions. The notes earned top ratings of "mxAAA" from S&P Global and "AAA (mex)" from Fitch M茅xico. BBVA M茅xico and Santander M茅xico acted as bookrunners, with Actinver as joint lead manager.
The proceeds will support Bladex's business initiatives across Mexico and Latin America, reinforcing the bank's commitment to promoting trade finance and economic integration in the region.
Bladex (NYSE: BLX) ha completato con successo una nuova emissione di debito nei mercati dei capitali messicani, raccogliendo 4 miliardi di MXN tramite Certificados Burs谩tiles de Largo Plazo (Cebures). I titoli a tre anni prevedono una cedola a tasso variabile pari al TIIE de Fondeo pi霉 59 punti base.
L'emissione ha registrato una forte domanda da parte degli investitori, attirando fondi pensione, gestori patrimoniali e istituzioni finanziarie. Le note hanno ottenuto i massimi rating di "mxAAA" da S&P Global e "AAA (mex)" da Fitch M茅xico. BBVA M茅xico e Santander M茅xico hanno agito come bookrunner, con Actinver come joint lead manager.
I proventi sosterranno le iniziative commerciali di Bladex in Messico e in America Latina, rafforzando l'impegno della banca a promuovere il finanziamento del commercio e l'integrazione economica nella regione.
Bladex (NYSE: BLX) complet贸 con 茅xito una nueva emisi贸n de deuda en los mercados de capitales mexicanos, obteniendo MXN 4,000 millones mediante Certificados Burs谩tiles de Largo Plazo (Cebures). Los bonos a tres a帽os ofrecen un cup贸n a tasa variable de la TIIE de Fondeo m谩s 59 puntos b谩sicos.
La colocaci贸n recibi贸 una s贸lida demanda por parte de los inversores, atrayendo fondos de pensiones, gestores de activos e instituciones financieras. Las notas obtuvieron calificaciones m谩ximas de "mxAAA" de S&P Global y "AAA (mex)" de Fitch M茅xico. BBVA M茅xico y Santander M茅xico actuaron como bookrunners, con Actinver como joint lead manager.
Los recursos respaldar谩n las iniciativas comerciales de Bladex en M茅xico y Latinoam茅rica, reforzando su compromiso con la financiaci贸n del comercio y la integraci贸n econ贸mica en la regi贸n.
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Bladex (NYSE: BLX) a finalis茅 avec succ猫s une nouvelle 茅mission de dette sur les march茅s de capitaux mexicains, levant 4 milliards de MXN via des Certificados Burs谩tiles de Largo Plazo (Cebures). Les titres 脿 trois ans portent un coupon 脿 taux variable correspondant 脿 la TIIE de Fondeo plus 59 points de base.
L'茅mission a suscit茅 une forte demande des investisseurs, attirant des fonds de pension, des gestionnaires d'actifs et des institutions financi猫res. Les titres ont obtenu les meilleures notations de "mxAAA" par S&P Global et de "AAA (mex)" par Fitch M茅xico. BBVA M茅xico et Santander M茅xico ont agi comme bookrunners, Actinver en tant que co-chef de file.
Les fonds serviront 脿 soutenir les initiatives commerciales de Bladex au Mexique et en Am茅rique latine, renfor莽ant l'engagement de la banque 脿 promouvoir le financement du commerce et l'int茅gration 茅conomique dans la r茅gion.
Bladex (NYSE: BLX) hat eine neue Schuldverschreibung am mexikanischen Kapitalmarkt erfolgreich abgeschlossen und dabei MXN 4 Milliarden durch Certificados Burs谩tiles de Largo Plazo (Cebures) aufgenommen. Die dreij盲hrigen Papiere weisen einen variablen Kupon von TIIE de Fondeo plus 59 Basispunkte auf.
Die Emission stie脽 auf starke Nachfrage seitens der Investoren und zog Pensionsfonds, Verm枚gensverwalter sowie Finanzinstitute an. Die Anleihen erhielten Spitzenratings von "mxAAA" von S&P Global und "AAA (mex)" von Fitch M茅xico. BBVA M茅xico und Santander M茅xico fungierten als Bookrunner, Actinver als Joint Lead Manager.
Die Erl枚se werden Bladex bei seinen Gesch盲ftsinitiativen in Mexiko und Lateinamerika unterst眉tzen und das Engagement der Bank zur F枚rderung der Handelsfinanzierung und der wirtschaftlichen Integration in der Region st盲rken.
- Strong investor demand exceeded the offered amount
- Achieved top credit ratings from S&P (mxAAA) and Fitch (AAA mex)
- Successfully raised MXN 4 billion in debt financing
- Diverse investor base including pension funds, asset managers, and financial institutions
- Additional debt increases the company's leverage
- Exposure to Mexican peso exchange rate fluctuations
- Interest rate risk due to floating rate structure
Insights
Bladex's MXN 4 billion debt issuance demonstrates strong market confidence and enhances funding diversification for regional expansion.
Bladex has successfully completed a
The dual "mxAAA" and "AAA (mex)" ratings from S&P and Fitch respectively underscore Bladex's strong credit fundamentals. These top-tier ratings typically translate to lower borrowing costs and broader investor appeal, enhancing financial flexibility.
This transaction represents Bladex's strategic deepening in Mexico, which management identifies as their primary destination for public debt issuances. The successful placement achieves several financial objectives: 1) diversifies funding sources beyond traditional banking channels, 2) demonstrates strong market confidence in Bladex's credit profile, 3) secures medium-term liquidity for the bank's growth initiatives in Mexico and throughout Latin America, and 4) potentially improves the duration match between assets and liabilities.
As a trade finance-focused multinational bank with central banks among its shareholders, Bladex occupies a unique position in facilitating regional trade flows. This debt issuance strengthens its capital base for expanding its financing solutions to institutions and corporations throughout Latin America and the Caribbean, enhancing its regional development mandate while supporting its commercial growth strategy.
The notes were issued with a three-year tenor, at a floating rate, with a coupon of the one-business-day TIIE de Fondeo (Equilibrium Interbank Funding Interest Rate) + 59 basis points. The transaction saw demand significantly exceeding the offered amount, with an order book comprised of pension funds, asset managers, and financial institutions.
"We are very pleased with the outcome of this new placement. Once again, Bladex has received strong support from investors in the Mexican market, which has become the primary destination for our public debt issuances. We would like to extend our sincere appreciation to the placement agents for their professionalism and dedication in executing this transaction," said Eduardo Vivone, Executive Vice President of Treasury and Capital Markets at Bladex.
Jorge Salas, Chief Executive Officer of Bladex, added: "
The issuance was rated "mxAAA" by S&P Global Ratings, S.A. de C.V., and "AAA (mex)" by Fitch M茅xico, S.A. de C.V.
Casa de Bolsa BBVA M茅xico, S.A. de C.V., Grupo Financiero BBVA M茅xico, and Casa de Bolsa Santander, S.A. de C.V., Grupo Financiero Santander M茅xico, acted as bookrunners and Actinver Casa de Bolsa, S.A. de C.V., Grupo Financiero Actinver acted as joint lead manager.
Bladex is a multinational bank established in 1979 by the central banks of
For more information about Bladex, please visit or contact:
Peter Stanziola - SVP, Treasury and Capital Markets
Email: [email protected]
Phone.: +507-210-8500
Head Office Address: Edificio Business Park, Torre V, Avenida La Rotonda, Urb. Costa del Este,
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SOURCE Banco Latinoamericano de Comercio Exterior, S.A. (Bladex)
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