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.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Banorte has a significant bond issuance history, with its first bonds issued in the early 1990s, marking its strategic entry into capital markets. Noteworthy recent issuances include a series of sustainability-linked bonds that garnered attention for their innovative structure and commitment to environmental goals. Currently, Banorte's bonds yield competitively within the industry, reflecting investor confidence, and showcase features such as call options that appeal to buyers seeking flexibility amid shifting interest rates. In 2022, the bank announced an ambitious plan to expand its bond portfolio, aiming to further enhance liquidity and support growth.