Bladex’s $400 Million Notes Offering

Holland & Knight and Arias, Fábrega & Fábrega advised Banco Latinoamericano de Comercio Exterior, S.A. (Bladex) on the deal. Clifford Chance and Morgan & Morgan advised the underwriters.

Banco Latinoamericano de Comercio Exterior, S.A. (Bladex) announced the offer and sale of $400 million of 2.375% senior notes due in 2025 under Bladex’s Euro Medium Term Note Program. The transaction closed on September 14.

The notes were issued to investors in the U.S. pursuant to Rule 144A and investors outside the U.S. pursuant to Regulation S under the U.S. Securities Act of 1933. The notes are listed on the Luxembourg Stock Exchange and admitted for trade on the Euro MTF. Participating banks included BofA Securities, Mizuho Securities and SMBC Nikko, as joint bookrunners and lead managers.

Bladex is a New York Stock Exchange-listed multinational bank, originally established by the central banks of Latin American and Caribbean countries to promote foreign trade and economic integration in the region.

The Holland & Knight team was led by Partner Stephen Double (Picture) and Associate Julia de la Parra, Law Clerk Maria de Bedout and Associate Laura Montejo.

In Panama, Arias, Fábrega & Fábrega – ARIFA advise dthe Bladex with Estif Aparicio, Fernando Arias F. and Ana Isabel Quijano.

Clifford Chance advised BofA Securities, Inc., Mizuho Securities USA LLC., SMBC Nikko Securities America Inc. with Anand Saha, Lane Feler and Giancarlo Eduardo Reanda.

In Panama, Morgan & Morgan advised BofA Securities, Inc., Mizuho Securities USA LLC., SMBC Nikko Securities America Inc. with Francisco Arias G., Roberto Vidal and Miguel Arias.

Involved fees earner: Ana Isabel Quijano – Arias Fabrega & Fabrega; Estif Aparicio – Arias Fabrega & Fabrega; Fernando Arias F. – Arias Fabrega & Fabrega; Lane Feler – Clifford Chance; Anand Saha – Clifford Chance; Maria de Bedout – Holland & Knight; Julia de la Parra – Holland & Knight; Stephen Double – Holland & Knight; Laura Montejo Villa – Holland & Knight; Francisco Arias – Morgan & Morgan; Miguel Arias – Morgan & Morgan; Roberto Vidal – Morgan & Morgan;

Law Firms: Arias Fabrega & Fabrega; Clifford Chance; Holland & Knight; Morgan & Morgan;

Clients: Banco Latinoamericano de Comericio Exterior, S.A.; Bank of America Securities; Mizuho Securities; SMBC Nikko Securities America;

Author: Ambrogio Visconti