Bladex Preps Refi, Local Currency Bonds

Bladex Preps Refi, Local Currency Bonds

Bonds Structured Finance

Supranational lender Bladex expects to this week pick banks to arrange a $150m loan to refinance an August maturity. The facility should have a tenor of 2 years, says Milciades Denis, the bank's head of treasury. Growth in deposits has given the bank extra funds to help refinance the original $235m facility. Bladex is also preparing a $50m equivalent issue in Peruvian soles, the second from a $300m shelf. The first was a $40m equivalent 7-year pricing close to the sovereign and Denis anticipates

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