PANAMA CITY, March 13, 2014 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. ("Bladex" or the "Bank";NYSE: BLX) announced today the recent closing of a US$60 million, 3-year Term Loan Facility in favor of Banco Santander Peru ("BSP"). Established in 2007 to operate as a multiple-purpose banking institution, Banco Santander Peru is controlled by Banco Santander, S.A.
The Facility was structured as a club deal between Bladex, Banco de Credito e Inversiones S.A. ("BCI"), and Mizuho Bank, Ltd. ("Mizuho"), which together acted as Joint Lead Arrangers. Bladex is also the Administrative Agent under the Facility.
This transaction broadens Banco Santander Peru's base of lending banks, establishing and strengthening relationships with BCI and Mizuho. Proceeds will be used for general corporate purposes, supporting BSP's U.S. dollar funding requirements for 2014.
Alejandro Jaramillo, Head of Loan Structuring & Distribution at Bladex, stated: "This important transaction continues to demonstrate Bladex's origination and structuring capabilities in the Latin American loan market, and highlights the Bank´s commitment to supporting its clients in securing medium-term funding. It also underscores Bladex´s strong ties with both Latin American and international financial institutions, allowing the Bank to partner up with highly reputable banks in transactions throughout the region."
Bladex is a Panama-based supranational bank established by the central banks of Latin American and Caribbean countries, to promote foreign trade and economic integration in the Region. Bladex is listed on the NYSE-Euronext in the United States (ticker symbol: BLX).
Bladex´s shareholders include central banks, state-owned banks, and other state-owned entities representing 23 Latin American countries, as well as commercial banks, and institutional and retail investors through its public listing.
The Bank has offices in Argentina, Brazil, Colombia, Mexico, Panama, Peru, and the United States, to support the expansion and servicing of its client base, which includes financial institutions and corporations.
For more information, please access our website at www.bladex.com or contact:
Mr. Christopher Schech, Chief Financial Officer, Bladex
Business Park Torre V, Piso 5 / Avenida La Rotonda / Urbanizacion Costa del Este
Panama City, Panama
Tel: (+507) 210-8630
E-mail address: [email protected]
SOURCE Banco Latinoamericano de Comercio Exterior, S.A. (Bladex)