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

Rhea-AI Summary

Itaú Corpbanca (NYSE: ITCB; SSE: ITAUCORP) has announced the settlement and placement of dematerialized and bearer bonds in the Chilean market, as detailed in a Material Event Notice filed with the Chilean Commission for the Financial Market. The issuance involves Series “DP” Bonds, totaling UF 1,500,000 (approximately CLP $51.18 billion), with a maturity date of August 9, 2034 and an average placement rate of 2.60%.

For more details, visit the investor relations website.

Positive

• Successful placement of UF 1,500,000 in bonds enhances liquidity.
• Bond maturity extending to 2034 provides long-term financing.
• Placement rate of 2.60% is favorable in the current market.

Negative

• None.

SANTIAGO, Chile, Jan. 03, 2023 (GLOBE NEWSWIRE) -- ITAÚ CORPBANCA (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 Itaú Corpbanca 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 $ 51.179.614.990.- with a maturity date of August 9, 2034, at an average placement rate of 2.60%.

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

Investor Relations – Itaú Corpbanca
+56 (2) 2660-1701 / IR@itau.cl / ir.itau.cl

FAQ

What are the details of the bond issuance by Itaú Corpbanca?

Itaú Corpbanca issued Series 'DP' Bonds totaling UF 1,500,000, with a maturity date of August 9, 2034, and an average placement rate of 2.60%.

How much money did Itaú Corpbanca raise from its bond issuance?

Itaú Corpbanca raised approximately CLP $51.18 billion from the bond issuance.

What is the maturity date of the bonds issued by Itaú Corpbanca?

The bonds issued by Itaú Corpbanca have a maturity date of August 9, 2034.

What is the average placement rate of Itaú Corpbanca's bonds?

The average placement rate of the bonds is 2.60%.