Bladex Structures USD 1.0 Billion Loan for the Republic of Panama

Bladex (NYSE: BLX) announced the structuring of a senior loan for up to USD 1.0 billion for the Republic of Panama, through the Ministry of Economy and Finance (MEF), with proceeds to be used for the country’s general budgetary purposes.

“This transaction reflects Bladex’s ability to structure large-scale financial solutions for sovereign and institutional clients across the region. For us, it is especially meaningful to participate in a transaction of this importance in Panama, the country where Bladex was founded more than 45 years ago. The transaction demonstrates Bladex’s confidence in Panama and reaffirms the role our institution can play as a financial partner in supporting the region’s development and financing objectives through relevant, competitive, and swiftly executed solutions,” said Samuel Canineu, Chief Commercial Officer of Bladex.

This transaction provides the Republic of Panama with timely access to funding under competitive terms, while diversifying its sources of financing.

Bladex is a multinational bank originally established by the central banks of Latin America. It began operations in 1979 and today provides financial solutions to financial institutions and corporations throughout the region. Headquartered in Panama, Bladex has offices in Argentina, Brazil, Colombia, and Mexico, an agency in New York, and a representative license in Peru.

Bladex has been listed on the New York Stock Exchange (NYSE: BLX) since 1992 and on the Mexican Stock Exchange for more than a decade. Its shareholders include central banks, state-owned banks, and representative entities from 23 countries in Latin America and the Caribbean, as well as commercial banks and institutional and private investors.