Bladex arranges $100M debt facility for Ecuador's Banco Bolivariano in under two months

What's the deal? BladexDealroom has a profile for this one. Try Dealroom → (NYSE: BLX) has closed a $100 million syndicated Diversified Payment Rights (DPR) facility for Banco BolivarianoDealroom has a profile for this one. Try Dealroom →, one of Ecuador's largest private banks. Bladex acted as sole lead arranger and bookrunner, structuring the five-year facility and placing it with international financial institutions.

Why now? The deal was executed in under two months from launch. It is the first DPR transaction Bladex has originated, structured, and distributed in Ecuador, and the first syndicated facility it has built under a DPR programme.

What's the endgame? The facility will fund Banco Bolivariano's growth plans, expanding its loan portfolio and strengthening its long-term funding structure. Six institutions took part, four of them new lenders to the bank, widening its access to international capital.

Banco Bolivariano is a reference point in Ecuador for corporate banking, foreign trade, cash management, and international payments, backed by a growing digital banking platform.

What they said: "This transaction marks a milestone for Bladex as the first syndicated facility we have structured under a DPR programme," said Samuel Canineu, chief commercial officer of Bladex. José Medina, Banco Bolivariano's finance vice president, called it "an important step in our strategy to diversify funding sources."

The signal: Panama-based Bladex, established by regional central banks in 1979, positions itself as a bridge between Latin America and global capital markets. The quick close signals sustained international appetite for structured Latin American bank funding.

Read more: PR Newswire