PANAMA CITY, May 4, 2021 /PRNewswire/ -- Banco Latinoamericano
de Comercio Exterior, S.A. ("Bladex" or "the Bank"), announced the
issuance of its first Best Efforts ESG (environmental, social and
governance) bond, the net proceeds of which will be deployed on a
best effort basis to fund initiatives with positive environmental
and social impacts. The bond was issued under the Bank's Euro
Medium Term Note program, for a notional amount of US$50 million and matures in 2024. It pays a
fixed rate coupon of 1.35%.
Mr. Jorge Salas, Chief Executive
Officer, commented, "This is a significant milestone for Bladex and
shows our strong commitment to foster the sustainable development
of our Region. We plan to deploy these funds to support green and
social impact initiatives in Latin
America and the Caribbean."
Mr. Eduardo Vivone, Executive
Vice President of Treasury and Capital Markets, added, "The
diversification of our funding base continues to be a key component
of our strategy and the success of Bladex's EMTN program
demonstrates the Bank's strong franchise across different markets
and regions."
Bladex's EMTN Program is rated "Baa2" by Moody's and "BBB" by
Standard and Poors. Goldman Sachs was bookrunner on the
transaction.
Bladex, a multinational bank originally established by the
central banks of Latin-American and Caribbean countries, began operations in 1979
to promote foreign trade and economic integration in the Region.
The Bank, headquartered in Panama,
also has offices in Argentina,
Brazil, Colombia, Mexico, the United
States of America, and a Representative License in
Peru, supporting the regional
expansion and servicing of its customer base, which includes
financial institutions and corporations.
Bladex is listed on the NYSE in the
United States of America (ticker symbol: BLX), since 1992,
and its shareholders include: central banks, state-owned banks and
entities representing 23 Latin American countries, commercial banks
and financial institutions, and institutional and retail investors
through its public listing.
For more information, please access our website at
www.bladex.com or contact:
Annette vH
de SolĂs - Senior Vicepresident | ALM & Funding
Email address: asolis@bladex.com. Tel.: +507-210-8560
Head Office Address: Torre V, Business Park, Ave. La Rotonda, Urb.
Costa del Este,
Panama, Republic of Panama
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SOURCE Banco Latinoamericano de Comercio Exterior, S.A.
(Bladex)