Emisiones de Bonos Bladex

Bond Issuances

Global and Regional Debt Programs

Explore the frameworks of our main debt issuance programs, which enable us to access capital markets efficiently and strategically across different geographies.

Euro Medium-Term Notes Program (EMTN)

The Bank has established a Euro Medium-Term Note Program (EMTN), which is primarily targeted at non-bank institutional investors and includes multiple placements with short-, medium-, and long-term tenors. 
 

The EMTN has a limit of up to USD 2.250 billion. Notes may be placed on the REG S or 144A markets, may be denominated in different currencies, with maturities from 7 days to 30 years, on a fixed or floating interest rate basis.

BLADEX 2025 - 144A/RegS

Issuer:
Banco Latinoamericano de Comercio Exterior, S.A.
The Notes:
$ 400,000,000 aggregate principal amount of 2.375% Notes due 2025
Issue Price:
99.518% of the principal amount, plus accrued interest, if any, from September 14, 2020.
Issue Date:
September 14, 2020
Maturity Date:
September 14, 2025
Interest:
The Notes will bear interest from September 14, 2020 at the rate of 2.375% per annum.
Interest Payment Dates:
March 14 and September 14 each year, commencing on March 14, 2021
Final Prospectus
chevron-right See Document

Cebures Issuance Program in Mexico

Since 2012, and renewed in 2024, Bladex maintains a robust short- and long-term note program (the “Mexico Program”) in the Mexican local market. This program, registered with the Comisión Nacional Bancaria y de Valores (CNBV), has an authorized amount of MXN 35 billion (or its equivalent in inflation-indexed units (UDIs), USD, or EUR) and offers maturities ranging from one day to 30 years.

Mexico Program
The program currently comprises multiple issuances of “certificados bursátiles” in the Mexican capital markets, as described below.

Bladex 25

Issuer:
Banco Latinoamericano de Comercio Exterior, S.A
The Notes:
“Certificados Bursátiles”
Series:
BLADEX 25
Offering total amount:
$4,000,000,000.00 (four billion Mexican pesos 00/100 M.N.)
Tenor:
1,092 (one thousand, ninety-two) days, approximately 3 years
Issue Date:
August 01, 2025
Maturity Date:
July 28, 2028
Annual gross Interest Rate:
TIIE Funding + 0.59%
Ratings:

FITCH MEXICO, S.A. DE C.V.: ‘AAA(mex)’
STANDARD & POOR’S, S.A. DE C.V.: ‘mxAAA’

Cebures Definitive Supplement
chevron-right Read Document (This document is available in Spanish only.)

Bladex 24-2

Issuer:
Banco Latinoamericano de Comercio Exterior, S.A.
The Notes:
“Certificados Bursátiles”
Series:
BLADEX 24-2
Offering total amount:
$4,000,000,000.00 (four billion Mexican pesos 00/100 M.N.)
Tenor:
1,204 (one thousand two hundred and four) days, equivalent to approximately 3.3 years
Issue Date:
November 29, 2024
Maturity Date:
March 17, 2028
Annual gross Interest Rate:
TIIE28 + 0.38%
Ratings:

FITCH MEXICO, S.A. DE C.V.: ‘AAA(mex)’
STANDARD & POOR’S, S.A. DE C.V.: ‘mxAAA’

Cebures Definitive Supplement
chevron-right Read Document (This document is available in Spanish only.)

Bladex 24

Issuer:
Banco Latinoamericano de Comercio Exterior, S.A.
The Notes:
“Certificados Bursátiles”
Series:
BLADEX 24
Offering total amount:
$1,700,000,000.00 (one billion seven hundred million Mexican pesos 00/100 M.N.)
Tenor:
1,092 (one thousand ninety-two) days, equivalent to 39 (thirty-nine) periods of 28 (twenty-eight) days each, approximately 3 years
Issue Date:
February 20, 2024
Maturity Date:
February 16, 2027
Annual gross Interest Rate:
TIIE28 + 0.40%
Ratings:

FITCH MEXICO, S.A. DE C.V.: ‘AAA(mex)’
STANDARD & POOR’S, S.A. DE C.V.: ‘mxAAA’

Cebures Definitive Supplement
chevron-right  Read Document (This document is available in Spanish only.)

Bladex 2023 (Reapertura)

Issuer:
Banco Latinoamericano de Comercio Exterior, S.A.
The Notes:
“Certificados Bursátiles”
Series:
Bladex 23
Offering total amount:
$1,000,000,000.00 (One billion Mexican pesos 00/100 M.N.)
Tenor:
1,092 (one thousand, ninety-two) days, approximately three years
Issue Date:
October 10, 2023
Maturity Date:
July 14, 2026
Annual gross Interest Rate:
TIIE28 + 0.45%
Ratings:

FITCH MEXICO, S.A. DE C.V.: ‘AAA(mex)’
STANDARD & POOR’S, S.A. DE C.V.: ‘mxAAA’

Cebures Definitive Supplement
chevron-right Read Document (This document is available in Spanish only.)

Bladex 2023-3

Issuer:
Banco Latinoamericano de Comercio Exterior, S.A.
The Notes:
“Certificados Bursátiles”
Series:
BLADEX 23-3
Offering total amount:
$475,000,000 (four hundred and seventy-five million Mexican pesos 00/100 M.N.)
Tenor:
2,184 (Two thousand, one hundred eighty-four) days, approximately six years
Issue Date:
October 10, 2023
Maturity Date:
October 2, 2029
Annual gross Interest Rate:
10.78%
Ratings:

FITCH MEXICO, S.A. DE C.V.: ‘AAA(mex)’
STANDARD & POOR’S, S.A. DE C.V.: ‘mxAAA’

 

Cebures Definitive Supplement
chevron-right Read Document (This document is available in Spanish only.)

Bladex 2023-2

Issuer:
Banco Latinoamericano de Comercio Exterior, S.A
The Notes:
“Certificados Bursátiles”
Series:
Bladex 23-2
Offering total amount:
$1,500,000,000.00 (one thousand five hundred million Mexican pesos 00/100 M.N.)
Tenor:
1,820 (one thousand eight hundred twenty) days, approximately five years
Issue Date:
July 18, 2023
Maturity Date:
July 11, 2028
Annual gross Interest Rate:
9.75%
Ratings:

FITCH MEXICO, S.A. DE C.V.: ‘AAA(mex)’
STANDARD & POOR’S, S.A. DE C.V.: ‘mxAAA’

Cebures Definitive Supplement
chevron-right Read Document (This document is available in Spanish only.)

Bladex 2023

Issuer:
Banco Latinoamericano de Comercio Exterior, S.A
The Notes:
“Certificados Bursátiles”
Series:
Bladex 23
Offering total amount:
$2,500,000,000.00 (two thousand five hundred million Mexican pesos 00/100 M.N.)
Tenor:
1,092 (one thousand, ninety-two) days, approximately three years
Issue Date:
July 18, 2023
Maturity Date:
July 14, 2026
Annual gross Interest Rate:
TIIE28 + 0.45%
Ratings:

FITCH MEXICO, S.A. DE C.V.: ‘AAA(mex)’
STANDARD & POOR’S, S.A. DE C.V.: ‘mxAAA’

Cebures Definitive Supplement
chevron-right Read Document (This document is available in Spanish only.)

Bladex 22-2

Issuer:
Banco Latinoamericano de Comercio Exterior, S.A.
The Notes:
“Certificados Bursátiles”
Series:
BLADEX 22-2
Offering total amount:
$4,237,142,400 (four billion, two hundred thirty-seven million, one hundred forty-two thousand, four hundred Mexican pesos 00/100 M.N.)
Tenor:
1,820 (one thousand, eight hundred twenty) days, approximately five years
Issue Date:
August 18, 2022
Maturity Date:
August 12, 2027
Annual gross Interest Rate:
9.20%
Ratings:

FITCH MEXICO, S.A. DE C.V.: ‘AAA(mex)’
STANDARD & POOR’S, S.A. DE C.V.: ‘mxAAA’

Cebures Definitive Supplement
chevron-right Read Document (This document is available in Spanish only.)

Bladex 22

Issuer:
Banco Latinoamericano de Comercio Exterior, S.A.
The Notes:
"Certificados Bursátiles”
Series:
BLADEX 22
Offering total amount:
$1,256,222,200 (one billion, two hundred fifty-six million, two hundred twenty-two thousand, two hundred Mexican pesos 00/100 M.N.)
Tenor:
1,288 (one thousand, two hundred eighty-eight) days
Issue Date:
August 18, 2022
Maturity Date:
February 26, 2026
Annual gross Interest Rate:
TIIE28 + 0.19%
Ratings:

FITCH MEXICO, S.A. DE C.V.: ‘AAA(mex)’
STANDARD & POOR’S, S.A. DE C.V.: ‘mxAAA’

Cebures Definitive Supplement
chevron-right Read Document (This document is available in Spanish only.)

Bond Issuances in Panama

Our operations and issuances of plain vanilla bonds in Panama are conducted through the Bolsa Latinoamericana de Valores. Access the source directly for the most up-to-date information.

Access Panama Issuances