Popular North America, Inc., founded in 2000 and headquartered in New York, is a subsidiary of Popular, Inc., based in Puerto Rico, dedicated to providing comprehensive banking solutions and financial services to individual and commercial clients across the United States. The company offers a range of products including personal and business banking, mortgages, and wealth management services, catering to diverse customer needs.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| BPOP 6.56% 2034-09-15 USDPopular North America, Inc. | United States | 2034-09-15 | 6.564 | 6.95 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, Popular North America has strategically expanded its bond offerings, first issuing bonds in 2005 to fund their growth initiatives. Notably, their recent $300 million bond issuance in 2022 featured a fixed interest rate of 4.5%, reflecting competitive yields compared to the industry average of 4.0%. The bonds include a call option allowing for early redemption, a feature praised by investors for flexibility. Recent financial news highlighted the company's increasing bond demand amidst a rising interest rate environment, positioning them as a solid choice for retail investors seeking stability and yield.