Corpbanca Issues Local Bonds

Chilean financial institution Corpbanca has issued UF2m ($80m) in 10-year local bonds. The notes priced at 105.12 with a coupon of 4.00% to yield 3.42%. Corpbanca, previously known as Banco de Concepcion, claims to have a 7% share of Chile’s loan market and operates 107 branches. Corpbanca’s brokerage unit managed the sale.