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Saba Capital Income & Opportunities Fund II , a registered closed-end management investment company listed on the New York Stock Exchange , today announced that its Board of Trustees has approved ...
BUSINESS HIGHLIGHTS Sequential quarterly Commercial Portfolio growth continues the trend that started last year, up 3% QoQ to reach $5.7 billion, driven by higher loan origination (+5% QoQ), with a continued focus on defensive sectors and stricter credit underwriting standards. During 1Q21, Bladex continues to collect virtually all loan maturities (close to 100% since the onset of Covid-19), evidencing the high quality of the Bank's borrower base and short-term nature of its business. As of March 31, 2021, Bladex's credit quality remains sound, with a well-diversified exposure across countr...