Banco de Chile FO Reaches $465m

Banco de Chile has concluded the preferential subscription period of its CLP250bn ($528m) equity capital raise, with an 87% of the shares subscribed, it says. So far, 3.43bn of 3.94bn shares have been subscribed, raising CLP220bn, and the remaining 13% will be sold through a public auction. The price was set in November at CLP64.00 per share. The bank is raising funds for growth. Banco de Chile shares closed Monday at CLP77.84.