Press Release
May 11, 2015

Holland & Knight Advises Bladex in $350 Million Issuance of Notes

NEW YORK (May 11, 2015) – Holland & Knight represented Banco Latinoamericano de Comercio Exterior, S.A. (Bladex) in the offer and sale of $350 million of 3.250 percent senior notes due in 2020 under Bladex's Euro Medium Term Note Program. The transaction closed on May 7.

The notes were issued to investors in the U.S. pursuant to Rule 144A and investors outside the U.S. pursuant to Regulation S under the U.S. Securities Act of 1933. The notes are listed on the Luxembourg Stock Exchange and admitted for trade on the Euro MTF. Participating banks included Merrill Lynch, Pierce, Fenner & Smith Incorporated and Citigroup Global Markets Inc. as lead managers and Commerzbank as co-manager.

Bladex, a specialized multinational bank headquartered in Panama City, Panama, was established by central banks of Latin American and Caribbean countries to promote trade finance in the region. Bladex currently operates locally in seven countries and holds approximately $8 billion in total assets. It is listed on the New York Stock Exchange under ticker symbol "BLX".

Bladex was represented by Holland & Knight partner Stephen Double and associate Carlos Meza in New York. Ricardo Arango, Estif Apraicio and Michelle Dueñas of Arias, Fábrega & Fábrega advised Bladex as to Panamanian law on the transaction.

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