Bank of Chile Places Bonds in Local Market
Ticker: BCH · Form: 6-K · Filed: Sep 27, 2024 · CIK: 1161125
| Field | Detail |
|---|---|
| Company | Bank Of Chile (BCH) |
| Form Type | 6-K |
| Filed Date | Sep 27, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-issuance, financing, material-information
TL;DR
Banco de Chile just dropped some bonds in the local market. Raising cash.
AI Summary
On September 27, 2024, Bank of Chile (Banco de Chile) filed a Form 6-K to report the placement of certain bonds in the local market. This filing serves as an English translation of a letter submitted to the Chilean Financial Market Commission and local stock exchanges, informing them of this material information.
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 — This is a routine disclosure of a financing activity, not an indication of distress or significant new risk.
Key Players & Entities
- Bank of Chile (company) — Registrant
- Banco de Chile (company) — Registrant (Spanish name)
- Solange Berstein Jáuregui (person) — President of the Financial Market Commission
- September 27, 2024 (date) — Filing date and report date
FAQ
What type of bonds did Bank of Chile place in the local market?
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 placement?
The filing does not disclose the total value or amount of the bonds placed in the local market.
When was the bond placement completed?
The filing does not specify the exact date of the bond placement, only that it is being reported in September 2024.
Who is Solange Berstein Jáuregui?
Solange Berstein Jáuregui is identified as the President of the Chilean Financial Market Commission.
What is the purpose of this Form 6-K filing?
The purpose of this Form 6-K is to report material information regarding the placement of certain bonds in the local market, as required by Chilean regulations.
Filing Stats: 326 words · 1 min read · ~1 pages · Grade level 13.6 · Accepted 2024-09-27 16:15:05
Filing Documents
- ea021598701-6k_bankofchile.htm (6-K) — 11KB
- 0001213900-24-082717.txt ( ) — 12KB
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 September, 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, September 27, 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, September 27, 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 FO Bonds, registered in the CMF’s Securities Registry under number 11/2022, for a total amount of Chilean UF (CLF) 500,000, with a maturity date of January 1, 2032, and an average placement rate of 2.50%. 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: September 27, 2024 Banco de Chile /s/ Sergio Karlezi Aboitiz By: Sergio Karlezi Aboitiz Treasury Division Manager