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

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Rhea-AI Summary

Itaú Corpbanca (NYSE: ITCB; SSE: ITAUCORP) filed a Material Event Notice with the Chilean Commission for the Financial Market regarding the settlement and placement of dematerialized and bearer bonds in the local market. The issuance includes Series “DO” Bonds, Code BITADO0622, totaling UF 5,000,000 (approximately CLP $158.36 billion), with a maturity date set for June 9, 2033 at an average rate of 3.30%.

Details are available on the company's investor relations website.

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Positive

  • Successful issuance of dematerialized and bearer bonds, indicating strong market demand.
  • The bonds are set to mature in 2033, providing a long-term financing solution with an attractive average rate of 3.30%.

Negative

  • None.

News Market Reaction – ITCB

+2.39%
+2.39% News Effect

On the day this news was published, ITCB gained 2.39%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SANTIAGO, Chile, Nov. 04, 2022 (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 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 “DO” Bonds, Code BITADO0622, for a total amount of UF 5,000,000.- (Unidades de Fomento), collecting the sum of CLP $ 158,357,347,550.- with a maturity date of June 9, 2033, at an average placement rate of 3.30%.

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 recent financial activity did Itaú Corpbanca announce regarding bonds?

Itaú Corpbanca announced the settlement and placement of dematerialized and bearer bonds valued at UF 5,000,000, reported in a Material Event Notice.

What is the maturity date for the Series DO Bonds issued by Itaú Corpbanca?

The Series DO Bonds have a maturity date of June 9, 2033.

What is the total amount raised from the bond issuance by Itaú Corpbanca?

The total amount raised from the bond issuance is approximately CLP $158,357,347,550.

What is the interest rate for the newly issued bonds from Itaú Corpbanca?

The average placement rate for the newly issued bonds is 3.30%.