Bond Banca Mifiel 11% ( US059447AA05 ) in USD

Issuer	Banca Mifiel
Market price	100 % ⇌
Country	Mexico
ISIN code	US059447AA05 ( in USD )
Interest rate	11% per year ( payment 2 times a year)
Maturity	Perpetual
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Minimal amount	100 000 USD
Total amount	100 000 000 USD
Cusip	059447AA0
Next Coupon	25/10/2026 ( In 91 days )
Detailed description	Banca Mifel is a Mexican bank offering a range of financial services including consumer banking, corporate banking, and wealth management. Market Insight: Banca Mifel's Perpetual USD Bond Offering This financial dispatch details a notable bond issuance from Banca Mifel, a well-established financial institution headquartered in Mexico. Founded in 1993, Banca Mifel has grown to become a significant participant in the Mexican banking sector, offering a comprehensive suite of financial products and services, including corporate banking, wealth management, and retail banking, with a focus on serving small and medium-sized enterprises (SMEs) and high-net-worth individuals. The institution operates under the regulatory oversight of the Mexican financial authorities, contributing to the country's economic development through its diversified banking operations. The bond under review is classified as a perpetual obligation, originating from Mexico and identifiable by its ISIN: US059447AA05 and CUSIP: 059447AA0. Denominated in U.S. Dollars (USD), this security is currently quoted on the market at 100% of its par value. It offers investors an attractive annual interest rate of 11%, with coupon payments scheduled to be disbursed semiannually, aligning with a payment frequency of two times per year. The total size of this specific issuance amounts to $100,000,000. For prospective investors, the minimum purchase size required is set at $100,000, catering to institutional or significant private investment portfolios. Its perpetual maturity implies that the bond does not have a fixed repayment date, offering a continuous income stream to the holder for an indefinite period, contingent on the issuer's ongoing solvency.