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Bladex arranges $50 million facility for BAC Guatemala

Monday, July 10, 2017

Bladex has closed on a $50 million, three-year trade facility for BAC Guatemala.

The arrangement, which marks the first international syndicated facility arranged for BAC Guatemala, was 1.7 times oversubscribed and attracted “the interest of financial institutions from Europe, Asia, Central America, and the Caribbean, all of which represent new banking relationships for the bank,” said the Panama City-based Bladex in a statement.

Bladex, widely known as the Foreign Trade Bank of Latin America since being founded in 1979 by a coalition of Latin American central banks, also stated that proceeds from the facility will be used to finance BAC Guatemala’s trade loan portfolio.

Source: Finance Colombia