Holland & Knight Advises Bladex in $200 Million Issuance of Additional Tier 1 Notes

NEW YORK (September 18, 2025) – Holland & Knight represented Banco Latinoamericano de Comercio Exterior S.A. (Bladex) on its inaugural Additional Tier 1 (AT1) capital offering in the international markets, raising US$200 million. The perpetual, non-cumulative instruments, with an initial call date set for seven years, were priced at a 7.50 percent coupon and attracted significant interest from a broad and diversified base of global institutional investors. The transaction was more than three times oversubscribed, reflecting robust market confidence in Bladex.

This landmark transaction marks Bladex's debut of a hybrid instrument in the capital markets. The issuance is designed to optimize the bank's capital structure in full compliance with current local regulations and the Basel III framework. Proceeds will be used to further strengthen Bladex's capital base, supporting future loan growth while maintaining capitalization levels comfortably above regulatory requirements. The transaction closed on September 18.

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. The transaction was jointly led by Bank of America Securities and J.P. Morgan Securities LLC as global coordinators, with Jefferies acting as bookrunner.

Bladex is a New York Stock Exchange (NYSE)-listed multinational bank, originally established by the central banks of Latin American and Caribbean countries to promote foreign trade and economic integration in the region.

Bladex was represented as to New York law on the transaction by Holland & Knight Partner Stephen Double, Associate Juan Mata and International Law Clerk Clemente Waidele Arteaga. They were supported by Partners Alan Schwartz (Tax) and Robert J. Friedman (Executive Compensation & Benefits).