Full house for CorpBanca’s Helm pref tender

CorpBanca will settle its COP306bn ($153m) purchase of Helm Bank preference shares on Tuesday. Holders of the hybrid notes in the Colombian bank tendered 99.38% of the 572m preference shares outstanding in a public offer that closed last week. Corpbanca will pay COP538.67 ($0.28) per share for the notes. Bancolombia was financial advisor. Corpbanca agreed to buy Helm in October 2012 for $1.28bn.