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Banco Mercantil do Brasil reports tender offer results of 9.625% subordinated notes due 2020

Nov 20, 2018 - Global Banking News

Banco Mercantil do Brasil S.A. has announced the final results of its offer to purchase for cash up to USD 50 million of its outstanding 9.625% Subordinated Notes due 2020 in cash, the company said.

On the early deadline of October 24, 2018, at 5:00 p.m. EST, the Bank had received valid tenders from Holders of USD 18,043,000 in principal amount of Notes. The Bank will accept for purchase on the Final Settlement Date (as defined below) all Notes validly tendered (and not validly withdrawn o...