Bladex tightens sharply on rare dollar outing

Panama, Panama City, Central America, LatAm, Banistmo, 575
By Oliver West
10 Sep 2020

Trade finance lender Banco Latinoamericano de Comercio Exerior (Bladex) sold its first dollar bond in five years on Wednesday, boasting an order book that remained strong despite spread tightening to give Latin American primary markets an encouraging start to September.

Several Lat Am issuers have announced deal plans for the coming days, but Panama-headquartered Bladex was first out the blocks as it set initial price thoughts at mid to high 200bp over US Treasuries for a proposed senior unsecured five-year. 

As demand hit $1.7bn, the issuer wasted no time ...

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