CorpBanca Announcing the Pricing of Senior Notes
(firmenpresse) - SANTIAGO, CHILE -- (Marketwire) -- 01/11/13 -- CorpBanca, (NYSE: BCA) announcing today the pricing of US$800,000,000 aggregate principal amount of 3.125% senior notes due 2018 (the "Notes"). The Notes will be issued pursuant to an indenture. The sale of the Notes is expected to be completed on or about January 15, 2013, subject to customary closing conditions.
The Notes are unsecured and unsubordinated obligations and bear interest at 3.125% per year, payable semiannually on January 15 and July 15 of each year, beginning July 15, 2013. CorpBanca may redeem the Notes, in whole but not in part, by paying the greater of the outstanding principal amount of the Notes and a "make-whole" amount, plus accrued and unpaid interest to the date of the redemption. CorpBanca may further redeem the Notes in whole, but not in part, at any time, at par, if certain changes relating to Chilean taxes, or any taxes imposed by any other jurisdiction from or through which CorpBanca makes any payment under the Notes occur, plus accrued and unpaid interest, if any, to the date of redemption. The Notes will mature on January 15, 2018, unless the Notes have been redeemed prior to the maturity date.
CorpBanca expects to use the net proceeds of this offering for general corporate purposes, primarily to fund lending activities.
Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are acting as joint book-running managers for the offering.
The offering may be made only by means of a prospectus supplement and the accompanying prospectus, copies of which may be obtained by sending a request by writing or telephoning us at our principal executive offices at the following address:
Rosario Norte 660
Las Condes
Santiago, Chile
Attention: Investor Relations
Telephone Number: +56 (2) 2660-2555
A registration statement relating to these securities has been filed, and became effective upon filing, with the U.S. Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities nor shall there be any sales of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state. Any offer or sale will be made only by means of the written prospectus forming a part of the effective registration statement.
CORPBANCA (NYSE: BCA), is Chile's oldest operating private bank founded in 1871. CorpBanca's loan portfolio (excluding loans to banks) has grown at a compounded annual growth rate in nominal terms of 11.3% between January 1, 2009 and December 31, 2011. As of September 30, 2012, according to the Chilean Superintendency of Banks, CorpBanca was the fourth largest private bank in Chile in terms of the overall size of its customer loan portfolio (10.0% market share on a consolidated basis and 8.3% market share among private banks on an unconsolidated basis only taking into account its operations in Chile).
CorpBanca provides a broad range of commercial and retail banking services to its customers in Colombia through its subsidiary CorpBanca Colombia, operating principally in the cities of Bogotá, Medellín, Cali, Bucaramanga and Barranquilla. As of September 30, 2012, according to the Colombian Superintendency of Finance, CorpBanca Colombia was the twelfth largest bank in Colombia in terms of total assets, the tenth largest bank in Colombia in terms of total loans and the eleventh largest bank in Colombia in terms of total deposits, as reported under local regulatory and accounting principles.
Investor Relations
CorpBanca
Santiago, Chile
Phone: +56 (2) 2660-2555
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Datum: 11.01.2013 - 08:00 Uhr
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