Chilean Banks Plan Domestic Bonds

Corp Group and BCI have both filed to sell new bonds in the Chilean domestic market, according to regulatory documents and bankers familiar with the matter. Corpbanca plans to issue through the Corpbanca unit and also through the Corp Group Vida insurance company, with each looking at tranches of up to 10 and 30 years, at up to UF4m each. The timing and any lead managers in addition to Corpbanca have not been determined. BCI has a program for up to UF20m under which it can issue. It also has not indicated timing or lead managers other than BCI.