CorpBanca Opts for 5-year Bond

CorpBanca Opts for 5-year Bond

Chile Bonds

Chile’s CorpBanca is aiming for a spread to UST in the mid-200bp range for a new 5-year international bond expected to price today, according to investors. The size remains to be determined, but is expected at $750m, according to ratings agencies. Making its cross-border debut, the Chilean bank had been considering issuing at up to 10 years maturity as it looks to help fund the $1.2bn purchase of Colombia’s Helm Bank agreed in October. The price talk comes after comparisons with peers Santander

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