Bond Mercantil del Norte Bank Ltd. 7.5% ( US05971PAB40 ) in USD

Issuer	Mercantil del Norte Bank Ltd.
Market price	100 % ⇌
Country	Mexico
ISIN code	US05971PAB40 ( in USD )
Interest rate	7.5% per year ( payment 4 times a year)
Maturity	Perpetual
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Minimal amount	200 000 USD
Total amount	500 000 000 USD
Cusip	05971PAB4
Standard & Poor's ( S&P ) rating	BB- ( Non-investment grade speculative )
Moody's rating	Ba2 ( Non-investment grade speculative )
Next Coupon	27/06/2026 ( In 86 days )
Detailed description	Banco Mercantil del Norte S.A. [Grand Cayman Branch] is a branch of a Venezuelan bank offering international banking services, including corporate and private banking, from its location in the Cayman Islands. The Bond issued by Mercantil del Norte Bank Ltd. ( Mexico ) , in USD, with the ISIN code US05971PAB40, pays a coupon of 7.5% per year. The coupons are paid 4 times per year and the Bond maturity is Perpetual The Bond issued by Mercantil del Norte Bank Ltd. ( Mexico ) , in USD, with the ISIN code US05971PAB40, was rated Ba2 ( Non-investment grade speculative ) by Moody's credit rating agency. The Bond issued by Mercantil del Norte Bank Ltd. ( Mexico ) , in USD, with the ISIN code US05971PAB40, was rated BB- ( Non-investment grade speculative ) by Standard & Poor's ( S&P ) credit rating agency.