Bladex Announces This Year's Second Successful Closing of a Syndicated Loan in the Asian Markets
December 09 2009 - 6:13PM
PR Newswire (US)
PANAMA CITY, Dec. 9 /PRNewswire-FirstCall/ -- Banco Latinoamericano
de Comercio Exterior S.A. ("Bladex" or "the Bank") (NYSE:BLX)
announced today the successful closing of a US$113 million two-year
syndicated loan. This is the second syndication placed by Bladex
this year in the Asian financial markets, following the success of
the first operation this past August. The transaction was
structured by Mizuho Corporate Bank, Ltd. through the participation
of ten commercial banks from Taiwan and Hong Kong. Gregory
Testerman, Executive Vice President - Treasury and Capital Markets
at Bladex, added, "After the closing of the first Asian syndication
in August of 2009, we are very pleased to see such keen interest on
the part of Hong Kong and Taiwanese banks in Bladex's second Asian
transaction this year. The syndication further diversifies our
sources of financing, and expands Bladex's network of Asian
correspondent banks. The knowledge, coverage and experience of
Mizuho in the Asian financial markets were critical to the success
of this transaction." Bladex is a supranational bank originally
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 banks and state- owned entities in
23 countries of the Region, as well as Latin American and
international commercial banks and institutional and retail
investors. Through September 30, 2009, Bladex had disbursed
accumulated credits of approximately US$161 billion. For further
information, please access our website at http://www.bladex.com/ or
contact: Mr. Christopher Schech Chief Financial Officer Bladex
Calle 50 y Aquilino de la Guardia Panama City, Panama Tel: (507)
210-8567 E-mail: Melanie Carpenter/Peter Majeski i-advize Corporate
Communications, Inc. 82 Wall Street, Suite 805 New York, NY 10005
Tel: (212) 406-3690 E-mail: DATASOURCE: Banco Latinoamericano de
Comercio Exterior S.A. CONTACT: Mr. Christopher Schech, Chief
Financial Officer, Bladex, +011-507-210-8567, ; or Melanie
Carpenter or Peter Majeski, +1-212-406-3690, , both of i-advize
Corporate Communications for Bladex Web site:
http://www.bladex.com/
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