Bladex leads successful syndication of a US$40 million Senior Secured Trade Finance Term Loan for Banco Financiero del Peru S.A. (Peru)

Latin America - español

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Banco Latinoamericano de Comercio Exterior, S.A. (Bladex)

Dec 26, 2014, 08:00 ET

PANAMA CITY, Dec. 26, 2014 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. ("Bladex" or the "Bank"; NYSE: BLX) announced the closing of a US$40 million, 36-Month Senior Secured Trade Finance Term Loan (the "Facility") for Peruvian-based Banco Financiero del Peru S.A. ("Banco Financiero" or the "Borrower"). Banco Financiero is the sixth largest bank in Peru, in terms of assets and loan portfolio. The bank is part of Grupo Financiero Pichincha, Ecuador's largest financial institution with a track-record of over 100 years.

Bladex was the Sole Lead Arranger and Bookrunner of the transaction. The Bank is also the Administrative Agent and the Collateral Agent under the Facility.

Proceeds will be used to support the growth of Banco Financiero's trade-related operations. The Facility's structure includes a pledge over a portion of the Borrower's trade finance portfolio.

The transaction represents the first syndicated loan in the international markets for Banco Financiero, successfully broadening the bank's medium-term sources of funding. The Facility attracted the interest of several financial institutions based in Panama, China, Curacao, and Germany, most of which are supporting Banco Financiero for the first time with medium-term funding.

The success of the transaction attests to Bladex's growing franchise in the Latin American syndicated loan market and its commitment to support financial institutions in securing tailor-made financing to grow their business activities.

Bladex is a Panama-based supranational bank established by the central banks of Latin-American and Caribbean countries, to promote foreign trade finance 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 entities representing 23 Latin American countries, as well as commercial banks and financial institutions, and institutional and retail investors through its public listing.

The Bank has offices in Argentina, Brazil, Colombia, Mexico, Peru, and the United States of America, to support the expansion and servicing of its client base, which includes financial institutions and corporations.

For further information, please access Bladex's website at www.bladex.com or contact:
Mr. Christopher Schech, Chief Financial Officer
Tel: (+507) 210-8630, E-mail address: [email protected]
Bladex, Head Office, Torre V, Business Park, Avenida La Rotonda, Urbanizacion Costa del Este,
Panama, Republic of Panama

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/bladex-leads-successful-syndication-of-a-us40-million-senior-secured-trade-finance-term-loan-for-banco-financiero-del-peru-sa-peru-300013936.html

SOURCE Banco Latinoamericano de Comercio Exterior, S.A. (Bladex)