Corpbanca Closes Equity Raise

Corpbanca Closes Equity Raise

Chile Equity

Chile's Corpbanca has completed a $620m-equivalent equity capital raise, following the close of the domestic subscription portion, according to local news and wire reports citing company officials. The participation rate topped 99%. The process started in January with the pricing of the 12m share CLP75bn ($158m) international portion, setting the CLP6.25 price that would be used in the entire 47m share process. Shares closed Monday at CLP6.92. Proceeds will be used to help fund the $1.28bn purch

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