FINSIGHT

Banco Mercantil del Norte SA Institucion de Banca Multiple Grupo Financiero Banorte

Deals

,,,,

CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
USD	500.000	-	-	Subordinated	Ba2	BB-	-	Fixed	Tsy	Low 6% a	6.00% a (+/-12.5)	464.3	5.88%	-	100.00000
USD	500.000	-	-	Subordinated	Ba2	BB-	-	Fixed	Tsy	Very high 6% a	6.75% a (+/-12.5)	503.4	6.63%	-	100.00000

More Details

Tranche Comments

P NC 5: First Pay: 2022-01-24; Redemption: 2027-01-24; Registration: 144A/Reg S; Comments: US$500 nc5 5.875% cpn at 100, yld 5.875%. Spread: T+464.3bp. First call 1/24/27. LEI: 549300QTVYRPFHS0J362; P NC 10: First Pay: 2022-01-24; Redemption: 2032-01-24; Registration: 144A/Reg S; Comments: US$550m nc10 6.625% cpn at 100, yld 6.625%. Spread: T+503.4bp. First call 1/24/32. LEI: 549300QTVYRPFHS0J362;

Deal Comments

Tier 1

Use of Proceeds

General Corporate Purposes

Grupo Financiero Banorte SAB de CV