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ItalianoBond Banco Mercantil del Norte (Banorte) 6.625% ( USP1401KAB72 ) in USD
| Issuer | Banco Mercantil del Norte (Banorte) | ||||||||||||||||||
| Market price |  90 % ▼ |
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| Country |  Mexico
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| ISIN code |
 USP1401KAB72 ( in USD )
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| Interest rate | 6.625% per year ( payment 2 times a year) | ||||||||||||||||||
| Maturity | Perpetual | ||||||||||||||||||
| Minimal amount | 200 000 USD | ||||||||||||||||||
| Total amount | 550 000 000 USD | ||||||||||||||||||
| Cusip | P1401KAB7 | ||||||||||||||||||
| Standard & Poor's ( S&P ) rating | BB- ( Non-investment grade speculative ) | ||||||||||||||||||
| Next Coupon | 01/24/2027 ( In 91 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. Banorte's (Banco Mercantil del Norte) perpetual USD 6.625% bond (CUSIP: P1401KAB7, ISIN: USP1401KAB72), with a total issuance size of $550,000,000 and a minimum trading size of $200,000, currently trades at 90% of par, offering a semi-annual coupon payment and carries a BB- rating from Standard & Poor's. |
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