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Stock impact report

Bladex Leads US$86 Million Syndicated Loan to Support Grupo Monge's Business [Yahoo! Finance]

Banco Latinoamericano de Comercio Exterior, S.A. (BLX) 
Last banco latinoamericano de comercio exterior, s.a. earnings: 10/18 07:00 am Check Earnings Report
US:NYSE Investor Relations: bladex.com/en/investors
Company Research Source: Yahoo! Finance
an institution-led US$86 million syndicated loan to strengthen Grupo Monge's business and extend its maturity profile. The transaction is the third syndicated loan managed by Bladex for Grupo Monge , which was oversubscribed 70% above the original amount, consolidating a long-term strategic relationship of trust and confidence between the two organizations and the participating financial institutions. Grupo Monge , with more than 50 years of experience in Central America , is one of the leading retailers of durable goods and consumer finance, operating 664 stores in five countries: Costa Rica Guatemala Honduras Nicaragua and El Salvador . The company is known for its focus on financial inclusion, facilitating access to durable goods, particularly for the unbanked and low-income sectors. The syndicated loan, structured and led by Bladex, included participation from prominent banks in the region, reinforcing the Bank's ability to bring together strategic allies to finance its custom Show less Read more
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