Bond Mercantil del Norte Bank Ltd. 8.375% ( USP1400MAC21 ) in USD

Issuer	Mercantil del Norte Bank Ltd.
Market price	107.02 % ▲
Country	Mexico
ISIN code	USP1400MAC21 ( in USD )
Interest rate	8.375% 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	P1400MAC2
Standard & Poor's ( S&P ) rating	BB- ( Non-investment grade speculative )
Moody's rating	Ba2 ( Non-investment grade speculative )
Next Coupon	14/04/2026 ( In 12 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 USP1400MAC21, pays a coupon of 8.375% 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 USP1400MAC21, 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 USP1400MAC21, was rated BB- ( Non-investment grade speculative ) by Standard & Poor's ( S&P ) credit rating agency.