Bond Mercantil Norte Banco 6.625% ( USP1401KAB72 ) in USD

Issuer Mercantil Norte Banco
Market price refresh price now   90 %  ▼ 
Country  Mexico
ISIN code  USP1401KAB72 ( in USD )
Interest rate 6.625% per year ( payment 2 times a year)
Maturity Perpetual



Prospectus brochure in PDF format is unavailable at this time
We will provide it as soon as possible

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 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.

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.