<SEC-DOCUMENT>0001104659-20-105269.txt : 20200915
<SEC-HEADER>0001104659-20-105269.hdr.sgml : 20200915
<ACCEPTANCE-DATETIME>20200915165445
ACCESSION NUMBER:		0001104659-20-105269
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20200915
FILED AS OF DATE:		20200915
DATE AS OF CHANGE:		20200915

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FOREIGN TRADE BANK OF LATIN AMERICA, INC.
		CENTRAL INDEX KEY:			0000890541
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMERCIAL BANKS, NEC [6029]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11414
		FILM NUMBER:		201176529

	BUSINESS ADDRESS:	
		STREET 1:		BUSINESS PARK, TORRE V, PISO 5
		STREET 2:		AVENIDA LA ROTONDA
		CITY:			URBANIZACI?N COSTA DEL ESTE
		STATE:			R1
		ZIP:			000000
		BUSINESS PHONE:		5072108674

	MAIL ADDRESS:	
		STREET 1:		0819-08730
		CITY:			PANAM?
		STATE:			R1
		ZIP:			00000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LATIN AMERICAN EXPORT BANK
		DATE OF NAME CHANGE:	19940829
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>tm2030920d1_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 12pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 6-K&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">REPORT OF FOREIGN PRIVATE ISSUER</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SECURITIES EXCHANGE ACT OF 1934</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">For the month of September, 2020</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Commission File Number 1-11414</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>BANCO LATINOAMERICANO DE COMERCIO EXTERIOR,
S.A.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of Registrant as specified in
its Charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FOREIGN TRADE BANK OF LATIN AMERICA,
INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Translation of Registrant&rsquo;s name
into English)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Business Park Torre V, Ave. La Rotonda,
Costa del Este</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">P.O. Box 0819-08730</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Panama City, Republic of Panama</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Address of Registrant&rsquo;s Principal
Executive Offices)</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Form 20-F&nbsp;<FONT STYLE="font-family: Wingdings">&#120;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form 40-F&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Indicate by check mark if the registrant
is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Yes&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT>  &nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">&#120;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Indicate by check mark if the registrant
is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Yes&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT>  &nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">&#120;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 12pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; border-bottom: Black 2pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Date: September 15, 2020</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><BR></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 45%">&nbsp;</TD>
    <TD STYLE="width: 55%; font: 10pt Times New Roman, Times, Serif">FOREIGN TRADE BANK OF LATIN AMERICA, INC.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="font: italic 10pt Times New Roman, Times, Serif">(Registrant)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%"> /s/ Ana Graciela de M&eacute;ndez</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%">Name:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 45%">Ana Graciela de M&eacute;ndez</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">CFO</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;<IMG SRC="logo.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>BLADEX SUCCESSFULLY PLACES NEW ISSUE
IN THE INTERNATIONAL CAPITAL MARKET</B></P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Panama City, Republic of Panama, September 9, 2020</B> -
Banco Latinoamericano de Comercio Exterior, S.A. (&ldquo;Bladex&rdquo; or the &ldquo;Bank&rdquo;), announced today its third issue
in the 144A/Reg S market for US$400 million. The five-year term bonds pay a fixed rate coupon of 2.375%.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Mr. Eduardo Vivone, Executive Vice President
of Treasury and Capital Markets, commented: &quot;We are very pleased with the success of this new bond issuance, which was oversubscribed
more than four times and attracted investors from the United States, Europe, Asia, and Latin America. Due to the strong demand,
the bond could be placed at the lowest coupon of all 144A/Reg S issued by Bladex. With this transaction, we will continue to strengthen
and diversify our funding base, which has categorically demonstrated its high stability and resilience in the current environment.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Mr. Jorge Salas, Bladex CEO, stated: &ldquo;The
strong demand clearly demonstrates investor confidence in the strength and versatility of Bladex's business model to successfully
face the challenging global economic environment. We are aware of the important role that we are called to play in these demanding
times that Latin America is going through, and these new resources will enable Bladex to continue supporting its clients in a decisive
manner, to fulfill our mission of promoting foreign trade and regional integration. On a final note, I would like to express our
appreciation to the underwriting banks, whose efficient performance was essential for the successful completion of this new transaction.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Bank of America, SMBC Nikko Securities
and Mizuho Securities acted as Bookrunners. The bonds were rated Baa2 by Moody&rsquo;s Investors Service and BBB by S&amp;P Global
Ratings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Bladex, a multinational bank originally
established by the central banks of Latin-American and Caribbean countries, began operations in 1979 to promote foreign trade and
economic integration in the Region. The Bank, headquartered in Panama, also has offices in Argentina, Brazil, Colombia, Mexico,
the United States of America, and a Representative License in Peru, supporting the regional expansion and servicing of its customer
base, which includes financial institutions and corporations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Bladex is listed on the NYSE in the United
States of America (NYSE: BLX), since 1992, and its shareholders include: central banks and state-owned banks and entities representing
23 Latin American countries, commercial banks and financial institutions, and institutional and retail investors through its public
listing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For further information on Bladex, please
access its website at <FONT STYLE="color: Blue"><U>www.bladex.com</U></FONT> or contact:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<DIV STYLE="padding: 1pt 4pt 5pt; border: Black 1pt solid">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Annette vH de Sol&iacute;s - Senior Vicepresident | ALM &amp;
Funding</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">E-mail address: asolis@bladex.com. Tel.: +507-210-8560</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Head Office Address: Torre V, Business Park, Ave. La Rotonda,
Urb. Costa del Este,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Panama, Republic of Panama</P>

</DIV>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<!-- Field: Page; Sequence: 3; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>logo.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 logo.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" !1 ,@# 2(  A$! Q$!_\0
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MH ***S[V/5+@%+2>WM5_YZ,AD?\  < ?K4R=EM<3=BU=7%M;P,]U+%'%W,A
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MNG\\C\:X:O!K.I0YZ"?NNS^[8\NK3Y)V"NW^']H?],O2.#B)3^I_I7$ $D
MDG@ =Z]=T+3O[+T:WM2!Y@7=(?5CR:O+Z?-5YNQMAHWG?L:-%%%>X=X4444
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2*** "BBB@ HHHH **** /__9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
