Bladex Successfully Issues MXN 4 Billion in Cebures, Exceeding Demand

Banco Latinoamericano de Comercio Exterior SA (Bladex) successfully raised MXN 4 billion in a three-year, floating-rate Cebures issuance in the Mexican market, exceeding demand expectations. Proceeds will finance new initiatives in Mexico and across Latin America and the Caribbean. Strong ratings from S&P Global Ratings and Fitch México reflect investor confidence in Bladex's financial stability and growth strategy. However, analysts should monitor potential currency risks and the bank's reliance on the Mexican market.

Banco Latinoamericano de Comercio Exterior, S.A. (Bladex) has successfully raised MXN 4 billion in a three-year, floating-rate Certificados Bursátiles de Largo Plazo (Cebures) issuance in the Mexican market, surpassing demand expectations. The issuance, which took place on August 11, 2025, featured a coupon rate of the one-business-day TIIE de Fondeo (Equilibrium Interbank Funding Interest Rate) plus 59 basis points [1].

The transaction saw strong investor demand, with orders from pension funds, asset managers, and financial institutions significantly exceeding the offered amount. The issuance was led by Casa de Bolsa BBVA México, S.A. de C.V., Grupo Financiero BBVA México, and Casa de Bolsa Santander, S.A. de C.V., Grupo Financiero Santander México, with Actinver Casa de Bolsa, S.A. de C.V., Grupo Financiero Actinver acting as joint lead manager [2].

Bladex's CEO, Jorge Salas, highlighted the significance of Mexico in the bank's business strategy, noting that the strong response to the issuance reflects recognition of Bladex's continued growth and consolidation, as well as its ability to enhance shareholder returns. The proceeds will be used to finance new initiatives in Mexico and across Latin America and the Caribbean [3].

The issuance received top ratings of "mxAAA" from S&P Global Ratings and "AAA (mex)" from Fitch México, underscoring investor confidence in Bladex's financial stability and growth strategy. These ratings typically translate to lower borrowing costs and broader investor appeal, enhancing Bladex's financial flexibility [1][2].

While the successful issuance demonstrates strong market confidence in Bladex, analysts should monitor potential currency risks and the bank's reliance on the Mexican market. Bladex's strategic deepening in Mexico, coupled with its trade finance-focused mandate, positions it well for regional development and commercial growth [2].

References:
[1] https://www.prnewswire.com/news-releases/bladex-announces-new-debt-issuance-in-mexico-302525627.html
[2] https://www.stocktitan.net/news/BLX/bladex-announces-new-debt-issuance-in-c6yftcfwnp6h.html
[3] https://bladex.com/en/Bladex-announces-new-debt-issuance-in-Mexico