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| Issue Type | XXXX |
|---|---|
| Country | Mexico |
| Industry | XXXX |
| Region | XXXX |
| Maturity Date | Perpetual |
| Par Value | 200000 |
| Callable | XXXX |
| Next Call Date | XXXX |
| Call Type | XXXX |
| Call Price (%) | XXXX |
| Series | XXXX |
| Class | XXXX |
| Maturity Structure | XXXX |
| Amount Outstanding (mil) | 500.00 |
| Coupon | 8.375 |
|---|---|
| Coupon Type | XXXX |
| Coupon Frequency | XXXX |
| First Coupon Date | XXXX |
| Last Coupon Date | XXXX |
| Sinking Fund | XXXX |
|---|---|
| Security | XXXX |
| Subordination | XXXX |
| Debt Type | XXXX |
| Issue Date | XXXX |
|---|---|
| Dated Date | XXXX |
| Issue Size (mil) | 500 |
| Min. Piece | XXXX |
| Min. Increment | XXXX |
This Banco Mercantil Del Norte corporate note has a 8.38% fixed-floating rate rate coupon paid on a quarterly basis. It was issued on July 14, 2020 with an issue size of 500.00 million USD and matures on Invalid Date with a last coupon date of N/A. |
Banco Mercantil Del Norte, also known as Banorte, is a prominent financial institution founded in 1899 and headquartered in Monterrey, Mexico. The bank's primary purpose is to provide a wide range of financial services, focusing on retail banking, commercial banking, and investment services tailored to meet the needs of individuals and businesses. Key offerings include personal loans, mortgages, and investment products, along with robust digital banking solutions.