Bladex Issues MXN 4 Billion Cebures in Mexican Capital Markets

Banco Latinoamericano de Comercio Exterior (Bladex) has issued MXN 4 billion in Cebures (long-term bonds) in the Mexican capital market with a three-year tenor and a floating rate coupon based on the TIIE de Fondeo rate plus 59 basis points. The transaction saw strong demand from investors, exceeding the offered amount. Bladex has expressed satisfaction with the outcome and gratitude to the placement agents for their professionalism.

Banco Latinoamericano de Comercio Exterior, S.A. (Bladex) has successfully issued MXN 4 billion in Cebures (Certificados Bursátiles de Largo Plazo) in the Mexican capital market. The three-year notes feature a floating rate coupon based on the one-business-day TIIE de Fondeo (Equilibrium Interbank Funding Interest Rate) plus 59 basis points [1].

The issuance attracted strong demand from investors, with an order book comprising pension funds, asset managers, and financial institutions. This robust market access was evident in the significant excess demand over the offered amount [2]. Eduardo Vivone, Executive Vice President of Treasury and Capital Markets at Bladex, expressed satisfaction with the outcome and commended the placement agents for their professionalism [1].

Jorge Salas, Chief Executive Officer of Bladex, highlighted the strategic importance of Mexico for the bank's growth and consolidation plans. The strong investor response reflects recognition of Bladex's continued growth and its ability to enhance shareholder returns, backed by a solid financial position and strong credit portfolio performance [1]. The proceeds from the issuance will be used to finance new initiatives in Mexico and across Latin America and the Caribbean [1].

The issuance received top ratings of "mxAAA" from S&P Global Ratings, S.A. de C.V., and "AAA (mex)" from Fitch México, S.A. de C.V., underscoring Bladex's strong credit fundamentals [1]. This issuance demonstrates Bladex's commitment to diversifying funding sources and enhancing its financial flexibility [3].

The transaction represents Bladex's strategic deepening in Mexico, which has become the primary destination for the bank's public debt issuances. The successful placement achieves several financial objectives, including diversifying funding sources, demonstrating strong market confidence in Bladex's credit profile, securing medium-term liquidity for growth initiatives, and potentially improving the duration match between assets and liabilities [3].

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 [3].

References:
[1] https://www.marketscreener.com/news/banco-latinoamericano-de-comercio-exterior-s-a-bladex-announces-new-debt-issuance-in-mexico-ce7c5edddf8df42c
[2] https://www.prnewswire.com/news-releases/bladex-announces-new-debt-issuance-in-mexico-302525627.html
[3] https://www.stocktitan.net/news/BLX/bladex-announces-new-debt-issuance-in-c6yftcfwnp6h.html