Bladex Unveils Significant Debt Issuance in Mexico's Capital Markets
On August 11, 2025, Banco Latinoamericano de Comercio Exterior, S.A., commonly known as Bladex, made a significant announcement regarding its financial activities in Mexico. The Bank revealed a new issuance of Cebures, which are long-term certificates in the Mexican capital markets, amounting to MXN 4 billion. This issuance was notable not just for its size, but also for the robust market response it received.
The recently issued notes come with a three-year tenor and a floating interest rate. Specifically, the coupon is set at one-business-day TIIE de Fondeo, plus an additional 59 basis points. The transaction saw an impressive demand that exceeded the amount offered, reflecting a healthy appetite from the market. The order book was filled with contributions from diverse entities including pension funds, asset managers, and other financial institutions, indicating a broad support base for Bladex's initiatives.
Eduardo Vivone, who serves as the Executive Vice President of Treasury and Capital Markets at Bladex, expressed his satisfaction with the outcome, stating, "We are very pleased with the outcome of this new placement. Once again, Bladex has received strong support from investors in the Mexican market, which has become the primary destination for our public debt issuances. We would like to extend our sincere appreciation to the placement agents for their professionalism and dedication in executing this transaction."
This sentiment was echoed by Jorge Salas, the Chief Executive Officer of Bladex. He highlighted Mexico’s pivotal role in the Bank's growth strategy, illustrating how the strong market response underscores the institution's ongoing progress and solid standing. Salas went on to remark that such performance is indicative of Bladex's commitment to enhancing shareholder returns, marking a successful trajectory supported by a robust financial position and an impressive credit portfolio.
The proceeds from this issuance are earmarked for financing new ventures within Mexico and throughout Latin America and the Caribbean, reflecting Bladex’s strategy to deepen its financial footprint in the region. Notably, the issuance was rated 'mxAAA' by SP Global Ratings, S.A. de C.V. and 'AAA (mex)' by Fitch México, S.A. de C.V., representing strong endorsements of the Bank’s credit quality and operational stability.
For this issuance, Casa de Bolsa BBVA México, S.A. de C.V. and Grupo Financiero BBVA México acted as bookrunners, alongside Casa de Bolsa Santander, S.A. de C.V. and Grupo Financiero Santander México. Furthermore, Actinver Casa de Bolsa, S.A. de C.V. and Grupo Financiero Actinver served as joint lead managers for this transaction.
Bladex has a rich history, having been established in 1979 by the central banks of Latin American nations in order to foster trade finance and economic integration across the region. Headquartered in Panama, the multinational bank operates with offices in various countries including Argentina, Brazil, Colombia, and Mexico, and even has a representative agency in the United States. Recognized on the New York Stock Exchange (NYSE: BLX) since 1992 and also listed on the Mexican Stock Exchange for over ten years, Bladex supports numerous corporations and institutions throughout Latin America.
This recent debt issuance represents yet another chapter in Bladex’s ongoing narrative of growth and commitment to solidifying its position as a key player in the financial services landscape of Latin America, as the Bank continues to respond dynamically to market demands and opportunities.
The recently issued notes come with a three-year tenor and a floating interest rate. Specifically, the coupon is set at one-business-day TIIE de Fondeo, plus an additional 59 basis points. The transaction saw an impressive demand that exceeded the amount offered, reflecting a healthy appetite from the market. The order book was filled with contributions from diverse entities including pension funds, asset managers, and other financial institutions, indicating a broad support base for Bladex's initiatives.
Eduardo Vivone, who serves as the Executive Vice President of Treasury and Capital Markets at Bladex, expressed his satisfaction with the outcome, stating, "We are very pleased with the outcome of this new placement. Once again, Bladex has received strong support from investors in the Mexican market, which has become the primary destination for our public debt issuances. We would like to extend our sincere appreciation to the placement agents for their professionalism and dedication in executing this transaction."
This sentiment was echoed by Jorge Salas, the Chief Executive Officer of Bladex. He highlighted Mexico’s pivotal role in the Bank's growth strategy, illustrating how the strong market response underscores the institution's ongoing progress and solid standing. Salas went on to remark that such performance is indicative of Bladex's commitment to enhancing shareholder returns, marking a successful trajectory supported by a robust financial position and an impressive credit portfolio.
The proceeds from this issuance are earmarked for financing new ventures within Mexico and throughout Latin America and the Caribbean, reflecting Bladex’s strategy to deepen its financial footprint in the region. Notably, the issuance was rated 'mxAAA' by SP Global Ratings, S.A. de C.V. and 'AAA (mex)' by Fitch México, S.A. de C.V., representing strong endorsements of the Bank’s credit quality and operational stability.
For this issuance, Casa de Bolsa BBVA México, S.A. de C.V. and Grupo Financiero BBVA México acted as bookrunners, alongside Casa de Bolsa Santander, S.A. de C.V. and Grupo Financiero Santander México. Furthermore, Actinver Casa de Bolsa, S.A. de C.V. and Grupo Financiero Actinver served as joint lead managers for this transaction.
Bladex has a rich history, having been established in 1979 by the central banks of Latin American nations in order to foster trade finance and economic integration across the region. Headquartered in Panama, the multinational bank operates with offices in various countries including Argentina, Brazil, Colombia, and Mexico, and even has a representative agency in the United States. Recognized on the New York Stock Exchange (NYSE: BLX) since 1992 and also listed on the Mexican Stock Exchange for over ten years, Bladex supports numerous corporations and institutions throughout Latin America.
This recent debt issuance represents yet another chapter in Bladex’s ongoing narrative of growth and commitment to solidifying its position as a key player in the financial services landscape of Latin America, as the Bank continues to respond dynamically to market demands and opportunities.
Topics Financial Services & Investing）
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