Debt - Listing Confirmation::US$550,000,000 7.625% Perpetual 10-Year Callable Subordinated NPNC Tier 1 Capital Notes

Issuer & Securities

Issuer/ Manager
BANCO MERCANTIL DEL NORTE, S.A. (CAYMAN ISLANDS BRANCH)
Securities
BANCOMERC US$550M 7.625% PCN A - US05962GAJ85 - 78SB
BANCOMERC US$550M 7.625% PCN R - USP14008AE91 - 78TB

Announcement Details

Announcement Title
Debt - Listing Confirmation
Date &Time of Broadcast
25-Jul-2017 14:58:29
Status
New
Announcement Sub Title
US$550,000,000 7.625% Perpetual 10-Year Callable Subordinated NPNC Tier 1 Capital Notes
Announcement Reference
SG170725OTHRKVND
Submitted By (Co./ Ind. Name)
Securities Market Control
Designation
SGX-ST
Effective Date and Time of the event
26/07/2017 09:00:00
Description (Please provide a detailed description of the event in the box below)
US$550,000,000 7.625% Perpetual 10-Year Callable Subordinated Non-Preferred Non-Cumulative Tier 1 Capital Notes

1. The Notes will be listed and quoted in the Bond Market with effect from 9.00 a.m., Wednesday, 26 July 2017.

2. The short name and abbreviated name of the Notes are 'BancoMerc7.625%PCN A' and 'BANMPCNA' respectively. The ISIN Code is US05962GAJ85.

The short name and abbreviated name of the Notes are 'BancoMerc7.625%PCN R' and 'BANMPCNR' respectively. The ISIN Code is USP14008AE91.

The letter 'R' denotes that trading of the Notes issued under Regulation S. The letter 'A' denotes that trading of the Notes issued under Rule 144A.

3. The Notes will be quoted and traded in US Dollars (US$). The Notes will be issued in denominations of US$200,000 and integral multiples of US$1,000 in excess thereof. The Notes will be traded in a minimum board lot size of US$200,000.

4. The issue date of the Notes is 6 July 2017.

5. The name and address of Principal Paying Agent for the Notes is as follows: -

The Bank of New York Mellon
101 Barclay Street, 7 East
New York, New York 10286
USA

6. The Lead manager(s)/Bookrunner(s) of the Notes are Morgan Stanley, MUFG, UBS Investment Bank, Wells Fargo.

7. Please refer to the Issuer's offering documents for complete details before trading.

DISCLAIMER: This announcement was prepared and issued by the named Issuer/ Manager to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNet for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the named Issuer/ Manager directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement.