Exhibit 99.1
Santiago, September 23, 2014
GG/147/2014
Mr. Carlos Pavez Tolosa
Superintendent of Securities and Insurance
Present
REF.: MATERIAL EVENT NOTICE
For your consideration:
According to articles 9 and 10 of Law No. 18.045 regarding Capital Markets and Chapter 18-10 of the Compilation of Updated Norms of the Superintendency of Banks and Financial Institutions (Recopilación Actualizada de Normas), CorpBanca informs you of the following material event regarding the company, its business, and its securities or the offer of them:
Further to the material event notice of September 16, 2014 we inform you that a placement of notes was completed in the international markets for the aggregate principal amount of US$750,000,000 on a 5-year term, with amortization at maturity and payment of interest of 3.875% per year, payable semiannually on March and September of each year.
The issuance and placement of the notes was made in accordance with Rule 144A and Regulation S under the U.S. Securities Act of 1933. According to such rules, the notes will not be registered with the Securities and Exchange Commission of the United States of America.
The notes were placed at a yield of 4.022% per year, equivalent to a spread of 225 annual basis points above the rate of the United States of America Treasury on a 5-year term.
As stated in the offering memorandum, the net proceeds of the placement will be used by CorpBanca for general corporate purposes, primarily to fund our lending activities.
| Sincerely, |
| Fernando Massú Taré |
| CEO |