PANAMA CITY - Banco Latinoamericano de Comercio Exterior, S.A. (NYSE: BLX), known as Bladex, has successfully closed a new global syndicated loan amounting to $400 million, marking the largest such deal in the bank's history. Sumitomo Mitsui (NYSE:SMFG) Banking Corporation (SMBC) served as the Sole Lead Arranger and Sole Bookrunner for the transaction.
The syndicate included thirty-three financial institutions from a diverse set of countries, including Japan, Taiwan, South Korea, Spain, Austria, the United States, India, and China. This broad participation underscores Bladex's role as a key player in Latin America's financial markets.
Eduardo Vivone, Executive Vice President of Treasury and Capital Markets at Bladex, expressed gratitude to the banks involved for their support of the institution and the Latin American and Caribbean region. He highlighted the transaction as evidence of Bladex's consolidation as a reference entity in the global financial landscape.
Jorge Salas, CEO of Bladex, conveyed his satisfaction with the completion of the syndicated facility, which he described as the largest in the bank's history. He noted that the funds would diversify the bank's funding structure and enhance its robust deposit base, which has seen consistent growth. According to Salas, the capital will be used to continue promoting growth and foreign trade among member countries.
Founded in 1979 by the central banks of Latin America and the Caribbean, Bladex focuses on supporting foreign trade and regional integration. With its headquarters in Panama and additional offices across the Americas, the bank provides services to a wide range of clients, including financial entities and corporations. Bladex has been publicly traded on the New York Stock Exchange since 1992.
The information in this article is based on a press release statement from Bladex.
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