Clifford Chance advises on inaugural AT1 notes offering by Bladex

Global law firm Clifford Chance has advised BofA Securities, Inc. and J.P. Morgan Securities LLC, as Global Coordinators and Book-Running Managers, and Jefferies LLC, as Passive Joint Book-Running Manager, in connection with the US$200 million 7.500% Additional Tier 1 Perpetual Notes offering by Banco Latinoamericano de Comercio Exterior, S.A. (Bladex).

This transaction marks Bladex's debut in issuing a hybrid instrument in the international capital markets. Proceeds of the issuance will be used to strengthen the bank's capital base and support future loan growth.

The Clifford Chance team advising on the deal included partner Jon Zonis and associates Jorge Vázquez Navarro and Sarah Basilion.