Arias, Fábrega & Fábrega assisted Banco Latinoamericano de Comercio Exterior, S.A. (BLADEX) in connection with their US$50 million issuance of Senior Notes denominated in Costa Rican Colones under BLADEX's existing publicly listed multi-currency bond program.

The transaction marks the first successful offering of a foreign-currency denominated security on Panama's Latin American Stock Exchange (Latinex).

The proceeds from the offering will be used to finance the growth of BLADEX's Colon-denominated credit portfolio. The offering represents a novel use of Panama's capital markets to facilitate issuer´s financing or capital needs in other currencies.