Banco Mercantil del Norte, S.A., Institución de Banca Múltiple,
Grupo Financiero Banorte,

acting through its Cayman Islands Branch

Offer to Purchase for Cash Any and All of its Outstanding
5.750% Subordinated Preferred Capital Notes due 2031

Title of Security

ISIN No. (144A/Reg S)

 CUSIP No. (144A/Reg S)

 Principal Amount Outstanding


5.750% Subordinated Preferred Capital
Notes due 2031

US05962GAF63 / USP14008AC36


05962G AF6 / P14008 AC3


U.S.$294,219,000

To view copies of the documents please click on the document below

Offer to Purchase

Notice of Guaranteed Delivery

To obtain additional copies of the Offer to Purchase, please contact the Information Agent.

The Information Agent and Tender Agent for the Offer is:

D.F. KING & CO., INC.

48 Wall Street, 22nd Floor
New York, New York 10005
Attn: Michael Horthman

Banks and Brokers call: +1 (212) 269-5550
All others call Toll-Free: +1 (800) 706-3274
E-mail: banorte@dfking.com

By Facimile:
(for Eligible Institutions only)
+1 (202) 709-3328
Confirmation: +1 (212) 232-3233

Any questions or requests for assistance may be directed to the Dealer Manager. A holder may also contact such holder’s broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Offer.

The Dealer Manager for the Offer is:

  Goldman Sachs & Co. LLC

200 West Street
New York, New York 10282
Attn: Liability Management Group
Toll Free: +1 (800) 828-3182
Collect: +1 (212) 902-6351