| Ticker: BB | Huerfanos 1234 | |
| Exchange: New York Stock Exchange | Santiago, Foreign | |
| Industry: Financial | 5626791000 |
| Type of Shares: | American Depositary Receipts | Filing Date: | 5/30/96 | |
| U.S. Shares: | 1,973,684 | Offer Date: | 6/18/96 | |
| Non-U.S. Shares: | 657,895 | Filing Range: | $18.00 - $20.00 | |
| Primary Shares: | 2,631,579 | Offer Price: | $19.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.67 | |
| Offering Amount: | $50,000,001 | Selling: | $0.35 | |
| Expenses: | $2,723,000 | Reallowance: | $0.10 | |
| Shares Out After: | 19,168,708 |
| Manager | Tier | Phone |
| Merrill Lynch & Co. | Lead Manager | (212) 449-4600 |
| Salomon Brothers Inc. | Co-manager | (212) 783-2947 |
| Auditor: Price Waterhouse | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/96 | |||
| Revenue: | $287.00 | $66.35 | Assets: | $2,443.70 | |
| Net Income: | $15.28 | $4.03 | Liabilities: | $2,653.20 | |
| EPS: | $0.94 | Equity: | -$209.50 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is a private commercial bank based in Chile which provides a wide range of financial products and services to the retail and corporate banking markets throughout Chile. The company conducts its business through its 44 full service branches, four limited service branches, 64 pension payment centers and five subsidiaries. The bank's business activities are targeted principally to middle and lower middle income individuals and to medium and small size companies. The bank's retail banking business includes products such as residential mortgage lending, the extension of other loans, automobile financing, and credit cards, and services such as electronic banking, custodial agreements and foreign exchange transactions. The bank's corporate banking business includes the extension of credit to small and medium and large size companies in the form of commercial loans, working capital lines of credit, trade financing and other products and services such as payment services and assistance to medium and small size companies in connection with foreign trade operations. |
| Use of Proceeds |
| Proceeds from the offering will be used to repay and discharge in full the Central Bank Subordinated Debt, proceeds also used to support the expansion of the bank's operations. |
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