CorpBanca Prices Well-Bid FO

CorpBanca Prices Well-Bid FO

Chile Equity

Chile’s CorpBanca has priced the international portion of its equity follow-on, raising CLP75bn ($158m) and seeing 4x demand. The acquisitive bank priced the equivalent of 12bn common shares at CLP6.25 each, according to people familiar with the transaction. The level represents a 5.9% discount to Tuesday’s CLP6.64 closing price. More than half of the shares sold were in the form of ADS. About 72% of the buyers were US-based, with 14% of the sale going to Europe, 8% to Chile and the remainder to

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