Bladex sells local notes in Mexico

Bladex sells local notes in Mexico

Bonds Debt Capital Markets Fixed Income Loans Mexico Panama

Banco Latinoamericano de Comercio Exterior, or Bladex, said Monday that it sold MXN3 billion ($140 million) worth of bonds in the Mexican market as part of a MXN10 billion debt program. The bank split the deal in two parts with MXN875 million in three-year notes at 58 basis points over the 28-day TIIE interbank lending rate and MXN2.13 billion in five-year notes at 6.9%, equal to 140 basis points over Mexican Treasury notes, or Mbonos. BBVA and Santander were the bookrunners on the transaction,

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