Bladex Issues MX$3 Billion in CEBURES

Bladex, the Latin American Bank for Foreign Trade, has announced a new issuance of CEBURES (Public Stock Certificates) in the Mexican capital market, totaling MX$3 billion (US$175.384 million).

The notes have been structured in two tranches, with one lasting three years and the other five years and eight months. The first tranche features a floating rate, with a coupon of TIIE28d+40 basis points, while the second tranche offers a coupon of M-Bono+88 basis points. The issuance saw significant demand, with subscriptions coming from pension funds, insurance companies, and fund managers.

Jorge Salas, Executive President, Bladex, noted that the bank had concluded a record year in terms of asset and deposit volumes, as well as profitability. Salas emphasized the importance of Mexico in Bladex's business strategy, both in expanding its commercial portfolio and solidifying its role in the debt market. He expressed gratitude to investors for their continued support of Bladex's financial performance.

The funds raised from the issuance will be utilized to finance new initiatives in Latin America and the Caribbean, with a particular focus on supporting Bladex's Mexican clients.

The issuance received a rating of "mxAAA" from S&P and "AAA (mex)" from Fitch Ratings. Casa de Bolsa BBVA Bancomer and Casa de Bolsa Santander served as placement agents for the issuance.