Bladex Clinches 2-Year Funds

Bladex Clinches 2-Year Funds


Panama-based supranational bank Bladex has closed a $150m 2-year facility priced at Libor plus 85bp. Santander and Standard Chartered led the process, which Bladex claims garnered commitments of $245m. A total of 13 banks participated in the loan and Bladex said in June that proceeds would go towards refinancing an August maturity. The bank is heard also planning an issue worth $50m denominated in PES from a $300m shelf. The debut issuance from the program was $40m equivalent in 7-year notes pri

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