Corpbanca Prices $72.5m Equivalent Chile 5-Year

Corpbanca, the Chilean financial institution, has priced a $72.5m equivalent offer of domestic 5-year bonds at 3.20%, or 62bp over the corresponding government issue. The bonds were sold on the Santiago Stock Exchange and proceeds are to improve the balance sheet structure. The bullet is due July 1 2012. Corpbanca Asesorias Financieras structured the deal. It is denominated in Chilean inflation-linked units, or UF.