Bladex issues MXN 4 billion in notes on Mexican capital markets

PANAMA CITY - Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX), a $1.57 billion market cap financial institution trading near its 52-week high of $43.24, announced Monday it has completed a MXN 4 billion (approximately $220 million) issuance of Certificados Bursátiles de Largo Plazo (Cebures) in the Mexican capital markets. According to InvestingPro analysis, the stock appears overvalued at current levels.

The three-year floating-rate notes carry a coupon of one-business-day TIIE de Fondeo plus 59 basis points. According to the bank’s press release, demand for the offering exceeded the amount issued, with pension funds, asset managers, and financial institutions participating in the transaction.

The issuance received top ratings of "mxAAA" from S&P Global Ratings and "AAA (mex)" from Fitch México.

Eduardo Vivone, Executive Vice President of Treasury and Capital Markets at Bladex, noted that Mexico has become the primary destination for the bank’s public debt issuances.

Jorge Salas, Chief Executive Officer, stated that proceeds will fund new initiatives in Mexico and across Latin America and the Caribbean.

Casa de Bolsa BBVA México and Casa de Bolsa Santander served as bookrunners for the transaction, with Actinver Casa de Bolsa acting as joint lead manager.

Bladex, established in 1979 by central banks in Latin America and the Caribbean to promote regional trade finance, maintains its headquarters in Panama with offices in Argentina, Brazil, Colombia, Mexico, and the United States. The company has maintained dividend payments for 22 consecutive years and trades at a P/E ratio of 7.15. For detailed analysis and additional insights, access the comprehensive Pro Research Report available on InvestingPro.

In other recent news, Boralex Inc. announced that Bruno Guilmette, the company’s Executive Vice President and Chief Financial Officer, will be stepping down on September 12, 2025, after nearly seven years of service. Stéphane Milot, who currently serves as Vice President of Investor Relations and Financial Planning & Analysis, will take over as interim CFO starting September 13. In addition, Boralex has appointed Robin Deveaux as Executive Vice President and General Manager for North America. Deveaux will succeed Hugues Girardin, who is set to retire at the end of 2025 and will serve as a Transition Advisor until then.

Meanwhile, Banco Latinoamericano de Comercio Exterior, S.A., known as Bladex, has formed a strategic alliance with Silver Birch Finance to improve working capital financing for businesses across Latin America. This partnership leverages Bladex’s regional expertise and Silver Birch’s financial structuring capabilities to offer innovative financing solutions. Programs have already been implemented in several countries, including Colombia, Mexico, and Peru. These developments aim to address the shortfall in foreign trade financing in the region.

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