Banco de Chile Places Bonds in Local Market
Ticker: BCH · Form: 6-K · Filed: Jul 23, 2024 · CIK: 1161125
| Field | Detail |
|---|---|
| Company | Bank Of Chile (BCH) |
| Form Type | 6-K |
| Filed Date | Jul 23, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-issuance, financing, regulation
Related Tickers: BCH
TL;DR
Banco de Chile just dropped new bonds locally. Good sign for funding.
AI Summary
On July 23, 2024, Banco de Chile announced the placement of 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 bond placement indicates the bank's ability to access capital from the local market, which can be crucial for funding operations and expansion.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of a bond placement, not indicating any immediate financial distress or significant new risks.
Key Players & Entities
- Banco de Chile (company) — Registrant and issuer of bonds
- Solange Berstein Jáuregui (person) — President of the Financial Market Commission
- July 23, 2024 (date) — Date of the filing 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 or terms of these bonds.
What is the total amount of the bond placement?
The filing does not disclose the total amount of the bond placement.
What is the purpose of this bond placement?
The filing does not specify the purpose of the bond placement.
When will these bonds mature?
The filing does not provide information on the maturity dates of the placed bonds.
Who purchased these bonds?
The filing does not identify the purchasers of the bonds.
Filing Stats: 323 words · 1 min read · ~1 pages · Grade level 13.2 · Accepted 2024-07-23 16:08:29
Filing Documents
- ea020990701-6k_bankofchile.htm (6-K) — 11KB
- 0001213900-24-063586.txt ( ) — 12KB
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 23, 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 23, 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 FB Bonds, registered in the CMF’s Securities Registry under number 11/2022, for a total amount of Chilean UF (CLF) 700,000, with a maturity date of April 1, 2029, and an average placement rate of 3.23%. Sincerely, Rolando Arias Sánchez CFO 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 23, 2024 Banco de Chile /s/ Rolando Arias Sánchez By: Rolando Arias Sánchez CFO