Banco de Chile Plans To Raise $212m Via New Share Offering

Chile’s second-largest financial institution, Banco de Chile, is planning to raise around $212m via an offering of new shares, the bank said in a filing with the country’s securities commission, SVS. The money raised from the sale of 2,516m shares will be used to finance growth of the bank’s business. The proposal will be put to shareholders at a meeting on 17 May.