Bladex Leads US$86 Million Syndicated Loan to Support Grupo Monge's Business
Bladex (NYSE: BLX) has successfully closed an US$86 million syndicated loan for Grupo Monge, which was oversubscribed by 70%. This marks the third syndicated loan managed by Bladex for Grupo Monge, a leading Central American retailer of durable goods operating 664 stores across five countries. The loan will support Grupo Monge's strategy of providing micro-loans to individuals and small businesses, particularly focusing on financial inclusion for unbanked and low-income sectors. Part of the funds will be allocated to Financiera Monge in Costa Rica for expansion. The transaction included participation from prominent regional banks, demonstrating Bladex's ability to unite strategic allies for customer growth financing.
Bladex (NYSE: BLX) ha chiuso con successo un prestito sindacato di 86 milioni di dollari americani per il Grupo Monge, che è stato sovrascritto del 70%. Questo rappresenta il terzo prestito sindacato gestito da Bladex per Grupo Monge, un importante rivenditore dell'America Centrale di beni durevoli che opera in 664 negozi in cinque paesi. Il prestito sosterrà la strategia di Grupo Monge di fornire micro-prestiti a privati e piccole imprese, con un'attenzione particolare all'inclusione finanziaria per i settori non bancarizzati e a basso reddito. Parte dei fondi sarà destinata a Financiera Monge in Costa Rica per l'espansione. La transazione ha visto la partecipazione di banche regionali di spicco, dimostrando la capacità di Bladex di unire alleati strategici per il finanziamento della crescita dei clienti.
Bladex (NYSE: BLX) ha cerrado con éxito un préstamo sindicado de 86 millones de dólares estadounidenses para Grupo Monge, que fue sobre suscrito en un 70%. Este es el tercer préstamo sindicado gestionado por Bladex para Grupo Monge, un destacado minorista centroamericano de bienes duraderos que opera 664 tiendas en cinco países. El préstamo apoyará la estrategia de Grupo Monge de proporcionar microcréditos a individuos y pequeñas empresas, centrándose especialmente en la inclusión financiera para sectores no bancarizados y de bajos ingresos. Parte de los fondos se destinará a Financiera Monge en Costa Rica para su expansión. La transacción incluyó la participación de importantes bancos regionales, lo que demuestra la capacidad de Bladex para unir aliados estratégicos en el financiamiento del crecimiento de los clientes.
블라덱스 (NYSE: BLX)는 8천6백만 달러의 신디케이트 대출을 Grupo Monge를 위해 성공적으로 마감했습니다. 이 대출은 70% 초과 신청되어 조달되었습니다. 이는 블라덱스가 Grupo Monge를 위해 관리한 세 번째 신디케이트 대출로, Grupo Monge는 5개국에 걸쳐 664개의 매장을 운영하는 중남미의 내구재 전문 소매업체입니다. 이 대출은 은행 계좌가 없는 저소득층 및 소상공인을 위한 금융 포용성에 특히 중점을 두고 개인 및 소기업에 마이크로 대출을 제공하는 Grupo Monge의 전략을 지원할 것입니다. 자금의 일부는 코스타리카의 Financiera Monge의 확장을 위해 할당됩니다. 이번 거래에는 주요 지역 은행들이 참여하여 고객 성장 자금을 위한 전략적 동맹을 결성하는 블라덱스의 능력을 보여주고 있습니다.
Bladex (NYSE: BLX) a réussi à clôturer un prêt syndiqué de 86 millions de dollars américains pour le Grupo Monge, qui a été sursouscrit à hauteur de 70 %. Il s'agit du troisième prêt syndiqué géré par Bladex pour le Grupo Monge, un détaillant majeur d'Amérique centrale de biens durables, qui exploite 664 magasins dans cinq pays. Le prêt soutiendra la stratégie du Grupo Monge de fournir des micro-crédits aux particuliers et aux petites entreprises, en mettant particulièrement l'accent sur l'inclusion financière des secteurs non bancarisés et à faible revenu. Une partie des fonds sera allouée à Financiera Monge au Costa Rica pour son expansion. La transaction a inclus la participation de banques régionales de premier plan, démontrant ainsi la capacité de Bladex à unir des alliés stratégiques pour le financement de la croissance des clients.
Bladex (NYSE: BLX) hat erfolgreich einen syndizierten Kredit über 86 Millionen US-Dollar für Grupo Monge abgeschlossen, der um 70 % überzeichnet wurde. Dies ist der dritte syndizierte Kredit, den Bladex für Grupo Monge verwaltet, einen führenden Einzelhändler in Mittelamerika für langlebige Konsumgüter, der in fünf Ländern 664 Filialen betreibt. Der Kredit wird die Strategie von Grupo Monge unterstützen, Mikro-Darlehen an Einzelpersonen und kleine Unternehmen zu vergeben, wobei der Schwerpunkt insbesondere auf der finanziellen Inklusion für unbankierte und einkommensschwache Bevölkerungsgruppen liegt. Ein Teil der Mittel wird für die Expansion von Financiera Monge in Costa Rica verwendet. Die Transaktion umfasste die Beteiligung prominenter regionaler Banken, was die Fähigkeit von Bladex unterstreicht, strategische Partner für die Finanzierung des Kundenwachstums zu vereinen.
- Loan was oversubscribed by 70%, indicating strong investor confidence
- Third successful syndicated loan with Grupo Monge, showing stable business relationship
- Expands Bladex's presence in Central American market through partnership with major retailer
- None.
Insights
The
- This marks the third syndicated loan between the parties, demonstrating a proven track record
- The funding will support Grupo Monge's microfinance expansion across 664 stores in five Central American countries
- The deal enhances Bladex's position as a key facilitator of regional economic development while diversifying its loan portfolio
The transaction's focus on financial inclusion and microfinancing in underserved markets presents a strategic growth opportunity in an expanding market segment. For Bladex shareholders, this represents a balanced risk-reward proposition, combining established client relationships with expansion into high-potential markets.
Grupo Monge, with more than 50 years of experience in
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 customers' growth. The transaction underscores Bladex's commitment to economic development in
These resources will allow the Group to deepen its strategy of financing micro-loans to individuals and small businesses, support the financial inclusion of customers in the informal sector of the economy, and diversify its sources of funding by bringing new counterparties and/or banking relationships to the Group.
"We are proud to have led this transaction for Grupo Monge, providing it with the necessary resources to expand in the Central American region. This syndicated loan not only supports the growth of an emblematic company in the region, but also underscores our purpose to be a bridge to promote the economic development of
For Franco Naranjo, CFO of Grupo Monge, "with this credit facility, we are expanding our ability to promote the development of more individuals and families from the unbanked and low-income sectors, both in urban and rural areas, by providing financing opportunities for the purchase of durable goods such as motorcycles, electronics, white goods and other essential items.
It is important to note that part of the funds will be allocated to Financiera Monge in
We are grateful for the trust and support of Bladex and the participating institutions, as this funding is essential to reach more people and improve their lives."
By leading this operation, Bladex reinforces its role as a facilitator of growth and development in
Bladex is a multinational bank, originally created by the Central Banks of
Bladex has been listed on the New York Stock Exchange (symbol: BLX) since 1992 and its shareholders include Central Banks, banks and government entities from 23 Latin American countries, as well as financial institutions, institutional investors and individuals.
CONTACT:
Warren Bonilla B. - Head of
E-mail address: wbonilla@bladex.com
Tel: +507 210-8500
Head Office Address: Torre V, Business Park, Ave. La Rotonda, Urb. Costa del Este,
www.bladex.com
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SOURCE Banco Latinoamericano de Comercio Exterior, S.A. (Bladex)
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