Bladex co-leads successful syndication of a US$100 million 3 and 5-year A/B Term Loan for Banco Continental S.A.E.C.A. (Paraguay)

Nanno Kleiterp, Chief Executive Officer of FMO, said: "FMO is proud to have co-arranged this facility for Banco Continental S.A.E.C.A. in Paraguay. It will provide much needed finance for SMEs, thereby supporting job creation and economic and social development."

The B-Loan attracted strong interest from eight financial institutions located in Portugal, Switzerland, the United Kingdom, Panama, Curacao and Trinidad and Tobago, of which four represented new banking relationships for Banco Continental S.A.E.C.A. The amount of the B-Loan was upsized to US$53 million, from an original target size of US$45 million.   

Rubens V. Amaral Jr., Chief Executive Officer of Bladex, stated: "We are very pleased to continue to support the funding diversification efforts of our important client in Paraguay, Banco Continental S.A.E.C.A., and to team-up once again with FMO to structure and syndicate this facility. This transaction highlights Bladex's access to a wide network of regional and international financial institutions, helping Banco Continental S.A.E.C.A. access medium-term funding in a challenging and volatile environment."

The deal marks the seventh syndicated loan successfully arranged and closed this year by the Bank, which continues to be very active in the Latin American syndicated loan market.

Bladex is a multinational bank originally established in 1979 by the central banks of Latin-American and Caribbean countries in order to promote foreign trade finance and economic integration in the Region. The Bank, headquartered in Panama, also counts with offices in Argentina, Brazil, Colombia, Mexico, Peru, and the United States of America, supporting the regional expansion and servicing its customer base, which includes financial institutions and corporations.

Bladex is listed on the NYSE in the United States of America (NYSE: BLX), since 1992, and its shareholders include: central banks and state-owned banks and entities representing 23 Latin American countries; commercial banks and financial institutions; and institutional and retail investors through its public listing.

For further information, please access Bladex's website at www.bladex.com or contact:

Irma Garrido Arango - Senior Vicepresident, Corporate Development and Investor Relations
E-mail address:  igarrido@bladex.com, Tel.: (+507) 210-8559
Head Office Address:  Torre V, Business Park, Ave. La Rotonda, Urb. Costa del Este,
Panama, Republic of Panama

Logo - http://photos.prnewswire.com/prnh/20150721/239065LOGO

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/bladex-co-leads-successful-syndication-of-a-us100-million-3-and-5-year-ab-term-loan-for-banco-continental-saeca-paraguay-300318474.html

SOURCE Banco Latinoamericano de Comercio Exterior, S.A. (Bladex)