BLX Banco Latinoamericano de Comercio Exterior SA

PANAMA CITY, Aug. 11 /PRNewswire-FirstCall/ -- Banco Latinoamericano de Exportaciones, S.A. ("Bladex" or "the Bank") (NYSE:BLX) announced today the successful closing of a two-year syndicated term loan facility, jointly lead-arranged by Santander Investment Securities and Standard Chartered Bank. The $150 million facility was substantially oversubscribed, closing with $245 million in total commitments among thirteen participating banks. "This transaction underlines Bladex's ability to sustain robust asset growth, despite the market's continued liquidity limitations," commented Gregory Testerman, Bladex's Senior MD for Treasury & Capital Markets. "Taken together with recent rating upgrades, consistently strong financial results, and high levels of capital and liquidity, this transaction reflects the Bank's exceptional ability to manage the challenges currently affecting the global banking sector. Furthermore, the Bank is well-positioned to continue leveraging today's unique market opportunities." "Bladex is very satisfied with the distribution capabilities and overall professionalism of Santander and Standard Chartered in successfully bringing this transaction to market," Mr. Testerman added. Bladex is a supranational bank established by the Central Banks of Latin America and Caribbean countries to promote trade finance in the Region. Based in Panama, its shareholders include central and state-owned entities in 23 countries of the Region, as well as Latin American and international commercial banks and institutional and retail investors. For further information, please access our web site at http://www.bladex.com/ or contact: Bladex, Head Office, Calle 50 y Aquilino de la Guardia, Panama, Republic of Panama Attention: Gregory Testerman, Senior MD for Treasury & Capital Markets Tel.: (507) 210-8567, E-mail: -or- Jaime Celorio, Chief Financial Officer Tel: (507) 210-8563, Email: i-advize Corporate Communications, Inc., 82 Wall Street, Suite 805, New York, NY 10005 Attention: Melanie Carpenter or Peter Majeski Tel.: (212) 406-3690, E-mail: DATASOURCE: Banco Latinoamericano de Exportaciones, S.A. CONTACT: Gregory Testerman, Senior MD for Treasury & Capital Markets, +1-507-210-8567, , or Jaime Celorio, Chief Financial Officer, +1-507-210-8563, , both of Bladex; or Melanie Carpenter or Peter Majeski, i-advize Corporate Communications, +1-212-406-3690, , for Bladex Web site: http://www.blx.com/ http://www.bladex.com/

Copyright