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ItalianoBond Banco Mercantil del Norte (Banorte) 8.375% ( USP1400MAD04 ) in USD
| Issuer | Banco Mercantil del Norte (Banorte) | ||||||||||
| Market price |  99.03 % ⇌ |
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| Country |  Mexico
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| ISIN code |
 USP1400MAD04 ( in USD )
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| Interest rate | 8.375% per year ( payment 2 times a year) | ||||||||||
| Maturity | Perpetual | ||||||||||
| Minimal amount | 200 000 USD | ||||||||||
| Total amount | 750 000 000 USD | ||||||||||
| Cusip | P1400MAD0 | ||||||||||
| Standard & Poor's ( S&P ) rating | BB- ( Non-investment grade speculative ) | ||||||||||
| Next Coupon | 11/20/2026 ( In 26 days ) | ||||||||||
| Detailed description |
Banco Mercantil del Norte (Banorte) is a major Mexican financial institution offering a wide range of banking and financial services, including commercial banking, wealth management, and brokerage services. The Bond issued by Banco Mercantil del Norte (Banorte) ( Mexico ) , in USD, with the ISIN code USP1400MAD04, pays a coupon of 8.375% per year. The coupons are paid 2 times per year and the Bond maturity is Perpetual The Bond issued by Banco Mercantil del Norte (Banorte) ( Mexico ) , in USD, with the ISIN code USP1400MAD04, was rated BB- ( Non-investment grade speculative ) by Standard & Poor's ( S&P ) credit rating agency. |
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