Bank of Chile Places Bonds in Local Market
Ticker: BCH · Form: 6-K · Filed: Mar 21, 2024 · CIK: 1161125
| Field | Detail |
|---|---|
| Company | Bank Of Chile (BCH) |
| Form Type | 6-K |
| Filed Date | Mar 21, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-issuance, bonds, financing
TL;DR
Chile's Bank of Chile just issued new bonds locally. Watch for funding cost changes.
AI Summary
On March 21, 2024, Bank of Chile (Banco de Chile) announced it has placed certain bonds in the local market. This information was filed as Material Information with the Chilean Financial Market Commission and local stock exchanges.
Why It Matters
This action indicates the bank is raising capital through debt issuance, which can impact its financial leverage and funding costs.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of a bond issuance, which is a common financial activity for banks.
Key Players & Entities
- Bank of Chile (company) — Registrant
- Banco de Chile (company) — Registrant (Spanish name)
- Chilean Financial Market Commission (company) — Regulatory body
- Solange Berstein Jáuregui (person) — President of the Financial Market Commission
- March 21, 2024 (date) — Date of filing
FAQ
What type of bonds did Bank of Chile place?
The filing states that "certain bonds" were placed, but does not specify the type, denomination, or interest rate.
What is the total amount of the bond issuance?
The filing does not disclose the total principal amount of the bonds placed.
What is the purpose of this bond issuance?
The filing does not explicitly state the purpose of the bond issuance.
When will these bonds mature?
The maturity dates of the placed bonds are not mentioned in this report.
Who purchased these bonds?
The filing does not provide information on the purchasers of the bonds.
Filing Stats: 331 words · 1 min read · ~1 pages · Grade level 13.4 · Accepted 2024-03-21 16:15:31
Filing Documents
- ea020232001-6k_bankofchile.htm (6-K) — 12KB
- 0001213900-24-024770.txt ( ) — 13KB
From the Filing
FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of March, 2024 Commission File Number 001-15266 BANK OF CHILE (Translation of registrant’s name into English) Ahumada 251 Santiago, Chile (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F x Form 40-F o BANCO DE CHILE REPORT ON FORM 6-K Attached is an English translation of a letter filed by Banco de Chile with the Chilean Financial Market Commission and local stock exchanges, informing as Material Information that Banco de Chile placed certain bonds in the local market. Santiago, March 21, 2024 Mrs. Solange Berstein Jáuregui President Financial Market Commission Present Mrs. President: Pursuant to Articles 9 and 10 of Law No. 18,045, Chapter No. 18-10 of the Restated Regulations for Banks issued by the Financial Market Commission (“CMF”) and General Rule (“NCG”) No. 30 of the CMF, as amended by NCG No. 486 of the CMF, duly authorized for this purpose, I inform you the following as Material Information regarding this institution: Today, March 21, 2024, it was carried out the placement in the local market of senior, dematerialized and bearer bonds issued by Banco de Chile. The specific conditions of this placement were the following: · Serie FA Bonds, registered in the CMF’s Securities Registry under number 11/2022, for a total amount of Chilean UF (CLF) 550,000, with a maturity date of August 1, 2028, and an average placement rate of 3.32%. Sincerely, Sergio Karlezi Aboitiz Treasury Division Manager Banco de Chile SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: March 21, 2024 Banco de Chile /s/ Sergio Karlezi Aboitiz By: Sergio Karlezi Aboitiz Treasury Division Manager