Banco de Chile Places Bonds in Local Market
Ticker: BCH · Form: 6-K · Filed: Jul 9, 2024 · CIK: 1161125
| Field | Detail |
|---|---|
| Company | Bank Of Chile (BCH) |
| Form Type | 6-K |
| Filed Date | Jul 9, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-issuance, financing, regulation
TL;DR
Banco de Chile just placed some bonds locally. Good sign for their funding.
AI Summary
Banco de Chile announced on July 9, 2024, that it has successfully placed certain bonds in the local market. This action was reported as Material Information to the Chilean Financial Market Commission and local stock exchanges, following regulations for banks.
Why It Matters
This bond issuance indicates the bank's ability to access capital from the local market, which can be crucial for its ongoing operations and expansion plans.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of a bond placement, which is a standard financial activity for a bank.
Key Players & Entities
- Banco de Chile (company) — Registrant and issuer of bonds
- Solange Berstein Jáuregui (person) — President of the Financial Market Commission
- July 9, 2024 (date) — Date of the report and announcement
FAQ
What type of bonds did Banco de Chile place?
The filing states that "certain bonds" were placed, but does not specify the type, denomination, or maturity of these bonds.
What was the total amount raised from the bond placement?
The filing does not disclose the total amount of money raised from the placement of these bonds.
What are the specific regulations mentioned in the filing?
The filing references Articles 9 and 10 of Law No. 18,045, Chapter No. 18-10 of the Restated Regulations for Banks, and General Rule (NCG) No. 30 of the CMF, as amended by NCG No. 486.
Who is Solange Berstein Jáuregui?
Solange Berstein Jáuregui is identified as the President of the Financial Market Commission (CMF).
Is this a new filing or an amendment?
This is a current report (Form 6-K) filed for the month of July 2024, reporting on the placement of bonds.
Filing Stats: 401 words · 2 min read · ~1 pages · Grade level 12.9 · Accepted 2024-07-09 16:26:00
Filing Documents
- ea020916901-6k_bankofchile.htm (6-K) — 12KB
- 0001213900-24-060131.txt ( ) — 13KB
From the Filing
REPORT 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 July, 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 Form 40-F 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, July 9, 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, July 9, 2024, it was carried out the placements in the local market of senior, dematerialized and bearer bonds issued by Banco de Chile. The specific conditions of these placements were the following: · Serie FB Bonds, registered in the CMF’s Securities Registry under number 11/2022, for a total amount of Chilean UF (CLF) 1,100,000, with a maturity date of April 1, 2029, and an average placement rate of 3.50%. · Serie FB Bonds, registered in the CMF’s Securities Registry under number 11/2022, for a total amount of Chilean UF (CLF) 50,000, with a maturity date of April 1, 2029, and an average placement rate of 3.49%. · Serie EY Bonds, registered in the CMF’s Securities Registry under number 11/2022, for a total amount of Chilean UF (CLF) 350,000, with a maturity date of April 1, 2028, and an average placement rate of 3.29%. Sincerely, Sergio Karlezi Aboitiz Treasury Division Manager 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: July 9, 2024 Banco de Chile /s/ Sergio Karlezi Aboitiz By: Sergio Karlezi Aboitiz Treasury Division Manager