Bond Mercantil Norte Banco 5.875% ( USP1401KAA99 ) in USD

Issuer	Mercantil Norte Banco
Market price	99.399 % ▼
Country	Mexico
ISIN code	USP1401KAA99 ( in USD )
Interest rate	5.875% per year ( payment 2 times a year)
Maturity	Perpetual
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Minimal amount	200 000 USD
Total amount	500 000 000 USD
Cusip	P1401KAA9
Standard & Poor's ( S&P ) rating	BB- ( Non-investment grade speculative )
Moody's rating	N/A
Next Coupon	24/07/2026 ( In 25 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 Mercantil Norte Banco ( Mexico ) , in USD, with the ISIN code USP1401KAA99, pays a coupon of 5.875% per year. The coupons are paid 2 times per year and the Bond maturity is Perpetual The Bond issued by Mercantil Norte Banco ( Mexico ) , in USD, with the ISIN code USP1401KAA99, was rated BB- ( Non-investment grade speculative ) by Standard & Poor's ( S&P ) credit rating agency.