Bladex Celebrates Major Achievements in Latin American Finance
Bladex Shines at the LatinFinance Awards for Major Transactions
PANAMA CITY — Bladex (NYSE: BLX) has been honored at the LatinFinance Project & Infrastructure Finance Awards for exceptional achievements in financing projects throughout Latin America. The recognition includes prestigious titles such as Loan of the Year and Airport Financing of the Year.
Significant Projects Highlighted
The award-winning initiatives showcase Bladex's commitment to facilitating transformative financial solutions that mobilize capital and result in favorable impacts on regional economies. One of the standout projects was the financing of the Gran Morgu project in Suriname. This project received the Loan of the Year award for its impressive structure and execution.
Financial Innovations in Energy
In collaboration with Staatsolie, Bladex structured a long-term secured financing deal amounting to USD 1.6 billion, complemented by an additional USD 125 million in hedging facilities and letters of credit. These funds are earmarked for refinancing existing liabilities and fostering Staatsolie's participation in the Gran Morgu venture, which is set in Block 58 of Suriname's offshore region.
Catalyzing Economic Growth
This strategic financing highlights Bladex's role in enhancing the energy sector, paving the pathway for initial oil production anticipated by mid-2028. The accomplishment is notable as it marks the largest project financing transaction in Suriname, reinforcing Bladex's stronghold in the market.
Further Recognition with Airport Financing
Bladex's excellence in financing was not limited to the energy sector. The institution was also recognized for leading the financing of Aeropuertos Dominicanos Siglo XXI, known as Aerodom. This undertaking comprised a USD 940 million financing agreement in partnership with six international financial institutions.
Grand Infrastructure Developments
The Aerodom project included a USD 500 million global bond issuance alongside a USD 440 million syndicated loan. These funds are directed towards an expansive modernization and enhancement plan for the Dominican Republic's airport infrastructure, contributing significantly to the country’s logistical development and air connectivity.
Supporting Tourism and Trade
This financing initiative is recognized as one of the most considerable corporate financing endeavors in the Dominican Republic's history, making strides in supporting tourism, trade, and attracting foreign investments. The project solidifies Aerodom's position as a key player in the Caribbean's logistical network and underscores Bladex's commitment to advancing projects that bolster regional competitiveness and sustainability.
About Bladex
Bladex, founded in 1979, is a renowned multinational bank created to promote trade finance and economic integration among Latin American and Caribbean nations. With its headquarters situated in Panama, the bank operates representative offices in Argentina, Brazil, Colombia, and Mexico, along with a representative agency in the United States. It delivers a wide range of financial solutions to various institutions throughout the region.
As a publicly traded company on the New York Stock Exchange (NYSE: BLX) since 1992, Bladex boasts a diverse shareholder base encompassing central banks, governmental organizations, and a multitude of investors from twenty-three different Latin American nations.
Contact:
Felipe Suarez
SVP Head of Loan Structuring & Syndications
Tel: +(507) 210-8500
Frequently Asked Questions
What awards did Bladex receive?
Bladex received the Loan of the Year and Airport Financing of the Year at the LatinFinance Awards for its innovative financing solutions.
What was the Gran Morgu project about?
The Gran Morgu project involves a long-term secured financing of USD 1.6 billion for oil production off the coast of Suriname.
What role did Bladex play in Aerodom's financing?
Bladex led the financing of Aerodom with a total of USD 940 million to modernize and expand airport infrastructure in the Dominican Republic.
Where is Bladex headquartered?
Bladex is headquartered in Panama and has additional offices in several Latin American countries.
When was Bladex established?
Bladex was established in 1979 to promote trade finance and economic integration in Latin America and the Caribbean.
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