Banco de Chile Prices Follow-On

Banco de Chile has priced a self-led local follow-on offering for $27m, according to Dealogic. The bank issued 320m shares this week at CLP39.10 each. The filing was done in August, when the share price was CLP38.50. The bank’s own broker Banchile Corredores de Bolsa ran the offer. The transaction is the fourth to come to market this year in Chile’s local market, according to Dealogic. Ripley, the retailer, Masisa the manufacturer and Forus, the footwear and clothing seller have brought a total $360m via follow-ons led by Celfin and Deutsche bank, Larrain Vial and IM Trust respectively.