BANORTE ANNOUNCES THE PAYMENT OF THE USD $120 MILLION NON-PREFERRED, NON-CUMULATIVE CALLABLE PERPETUAL SUBORDINATED OBLIGATIO...
August 29 2013 - 9:57AM
OTC Markets
Monterrey, N.L., Mexico, August
28th,
2013.
Grupo Financiero Banorte, S.A.B de C.V. (GFNORTE)
(BMV: GFNORTEO) informs the investment public that Banco Mercantil
del Norte, S.A., Instituci?n de Banca M?ltiple, Grupo Financiero
Banorte (?Banorte?), exercised this last August 26th the
pre-payment option available since February 2012 to settle the USD
$120 million Non-Preferred, Non- Cumulative Callable Perpetual
Subordinated Obligations which were registered at the Luxembourg
Stock Exchange. The payment of these subordinated notes is
consistent with the information provided to the investment public
during the equity offering carried out by GFNORTE this past
July.
This perpetual subordinated debt
was issued on February 26th, 2007 by Ixe Banco S.A., Instituci?n de
Banca M?ltiple (?Ixe Banco?) and given the merger of Ixe Banco with
Banorte, in May of the present year, Banorte assumed and is
responsible for each and every one of Ixe's
obligations.
GFNORTE reiterates to the investment public
that it expects to continue adopting the best international
corporate practices regarding Corporate Governance and information
disclosure. The Financial Group expects to maintain its strategic
and expansion plans to consolidate a leading institution in Mexico;
in this sense, we will timely inform the investment community
regarding the strategy execution and evolution of our operations.
The Investor Relations Department is available for any inquiry or
comment regarding this material event at: investor@banorte.com
or at the number (55) 52.68.16.80.
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