Banco Itaú Chile Files Material Event Notice announcing the Placement of Bonds in the local market

Rhea-AI Summary

BANCO ITAÚ CHILE (NYSE: ITCB) filed a Material Event Notice with the Chilean Commission for the Financial Market on April 11, 2023, regarding the settlement and placement of dematerialized and bearer bonds. The bonds, categorized as Series “DP” (Code BITADP0222), amount to UF 1,500,000, totaling CLP $51,198,697,758. The bonds have a maturity date set for August 9, 2034, with an average placement rate of 2.68%. This issuance is part of Banco Itaú Chile’s strategy to optimize its capital structure and manage liquidity effectively. The full notice can be accessed on the company’s investor relations website.

Positive

• Successful issuance of Series 'DP' Bonds totaling UF 1,500,000.
• The bonds collected a significant amount of CLP $51,198,697,758, enhancing liquidity.
• Average placement rate of 2.68% indicates favorable interest conditions.

Negative

• None.

SANTIAGO, Chile, April 11, 2023 (GLOBE NEWSWIRE) -- BANCO ITAÚ CHILE (NYSE: ITCB; SSE: ITAUCORP) announced that it filed today a Material Event Notice with the Chilean Commission for the Financial Market reporting that on this date, the settlement and placement of Banco Itaú Chile dematerialized and bearer bonds in the local market, charged to the Line of Bonds registered in the Securities Registry of the CMF, under No. 3/2022.

The specific conditions of placement were as follows:

• Series “DP” Bonds, Code BITADP0222, for a total amount of UF 1,500,000 (Unidades de Fomento), collecting the sum of CLP $ 51,198,697,758.- with a maturity date of August 9, 2034, at an average placement rate of 2.68%.
  

The full Material Event Notice is available on the company’s investor relations website at ir.itau.cl.

Investor Relations – Itaú Chile

+56 (2) 2660-1701 / ir@itau.cl / ir.itau.cl

FAQ

What bonds did Banco Itaú Chile issue on April 11, 2023?

Banco Itaú Chile issued Series 'DP' Bonds (Code BITADP0222) totaling UF 1,500,000.

What is the total amount raised by Banco Itaú Chile from the bond issuance?

The total amount raised is CLP $51,198,697,758.

What is the maturity date of the bonds issued by Banco Itaú Chile?

The maturity date of the bonds is August 9, 2034.

What is the average placement rate for the bonds issued by Banco Itaú Chile?

The average placement rate for the bonds is 2.68%.

Where can I find the full Material Event Notice from Banco Itaú Chile?

The full Material Event Notice is available on Banco Itaú Chile's investor relations website.