By Christine Van Dusen
Atlanta, Jan. 10 - CorpBanca SA priced $800 million of 3 1/8% five-year notes (Baa1/BBB+/) at 99.473 to yield 3.24%, or Treasuries plus 245 basis points, according to a market source and a Securities and Exchange Commission filing.
Citigroup Global Markets Inc. and J.P. Morgan Securities LLC were the bookrunners for the SEC-registered deal.
The proceeds will be used for general corporate purposes, primarily to fund lending activities.
The notes include a make-whole call at Treasuries plus 35 bps.
CorpBanca is a financial institution based in Santiago, Chile.
| Issuer: | CorpBanca SA
|
| Amount: | $800 million
|
| Maturity: | Jan. 15, 2018
|
| Description: | Senior notes
|
| Bookrunners: | Citigroup Global Markets Inc., J.P. Morgan Securities LLC
|
| Coupon: | 3 1/8%
|
| Price: | 99.473
|
| Yield: | 3.24%
|
| Spread: | Treasuries plus 245 bps
|
| Call features: | Make-whole call at Treasuries plus 35 bps
|
| Trade date: | Jan. 10
|
| Settlement date: | Jan. 15
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: BBB+
|
| Distribution: | Securities and Exchange Commission registered
|
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