This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Banco De Chile Announces Pricing Of Public Secondary Offering Of Its Common Stock By LQIF

SANTIAGO, Chile, Jan. 29, 2014 /PRNewswire/ -- Banco de Chile (NYSE: BCH) announced today that the previously announced registered public secondary offering of 6,700,000,000 shares of its common stock (the "Offering") priced at a price to the public of Ch$67.00 per share, or US$74.23 per American Depositary Share ("ADS"), and all of the 6,700,000,000 shares were sold.  Each ADS represents 600 shares.  The Offering is expected to close on January 31, 2014, subject to customary closing conditions.  The shares were sold by LQ Inversiones Financieras S.A. ("LQIF") in the United States and elsewhere outside of Chile in the form of American Depositary Shares (the "International Offering") and in Chile in the form of shares (the "Chilean Offering"). Citigroup Global Markets Inc. is acting as sole global coordinator and joint bookrunner and Merrill Lynch, Pierce, Fenner & Smith Incorporated, Deutsche Bank Securities Inc. and Banco BTG Pactual S.A. – Cayman Branch are acting as joint bookrunners in the International Offering, while Banchile Corredores de Bolsa S.A. and Larrain Vial S.A. Corredora de Bolsa are acting as placement agents in the Chilean Offering.

Banco de Chile will not receive any of the proceeds from the Offering.

The Offering was conducted pursuant to an effective shelf registration statement that was filed with the U.S. Securities and Exchange Commission (the "SEC") on March 10, 2011. The final prospectus supplement related to the Offering, when available, can be found on the SEC's website at http://www.sec.gov. Alternatively, copies of the prospectus and final prospectus supplement, when available, may be obtained by contacting Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (Tel: 800-831-9146).

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offer, solicitation or sale will be made only by means of the prospectus and prospectus supplement.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,646.13 +15.86 0.09%
S&P 500 2,096.42 +3.17 0.15%
NASDAQ 5,103.2360 +14.03 0.28%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs