CorpBanca Set for Follow-on

CorpBanca Set for Follow-on

Chile Equity

Chile’s CorpBanca is set price a follow-on in New York today, representing the international portion of a process expected to eventually top $600m-equivalent. The acquisitive Chilean bank is offering 12bn common shares internationally, represented by 8m ADS, which would raise $168m based on Monday’s $21.05 ADS closing price. The shares in the cross-border sale include 1.35bn secondary common shares to be sold by vice chairman Fernando Aguad. The international offer is to be followed by a Chilean

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