Corpbanca Considers Subordinated Bond

Chile’s Corpbanca is planning a subordinated bond sale in the international markets, it says, as part of the funding for its $1.28bn acquisition of Helm Bank. The Corp Group Interhold entity raised $130m in the cross-border markets in 2010, through a 2015 bond led by Corpbanca and Larrain Vial. Corpbanca’s New York branch has raised $62m in 2014 bonds through two transactions this year, led by BNP Paraibas. Corpbanca is rated Baa1/BBB+.