Panama City – September 11, 2026 -- Bladex, Inc. (NYSE: BLX) placed MXN 5.0 billion in long-term Mexican notes (Cebures) in Mexico's public debt market, drawing orders of MXN 7.779 billion, 1.56 times the amount offered, and allowing the bank to fill its full authorized issuance.
Three-year floating-rate notes price at TIIE de Fondeo plus 58 basis points
The notes carry a three-year maturity and float against Mexico's one-business-day Interbank Equilibrium Interest Rate (TIIE de Fondeo), plus a spread of 58 basis points.
S&P and Fitch assign top local ratings ahead of pricing
S&P Global Ratings, S.A. de C.V. assigned the issuance a local rating of "mxAAA," while Fitch México, S.A. de C.V. rated it "AAA(mex)," the highest local scores available in the market.
Bladex executives point to funding diversification across Latin America
Eduardo Vivone, Executive Vice President of Treasury and Capital Markets at Bladex, said the oversubscription level and terms achieved confirm the bank's ability to access diversified, competitive funding sources in Mexico's institutional market. Jorge Salas, Chief Executive Officer, called the transaction another milestone in Bladex's track record in Mexican capital markets, tied to plans to expand foreign trade and economic development financing across Latin America and the Caribbean.
BBVA México and Santander México units lead the placement
Casa de Bolsa BBVA México, S.A. de C.V., Grupo Financiero BBVA México, and Casa de Bolsa Santander, S.A. de C.V., Grupo Financiero Santander México, acted as placement agents for the offering.