CorpBanca Announced the Closing of Offering of US$750 Million Senior Notes Due 2019

SANTIAGO, CHILE--(Marketwired - Sep 23, 2014) - CORPBANCA (NYSE: BCA) (SSE: CORPBANCA) announced today the closing of the offering of its US$750,000,000 3.875% Senior Notes due 2019 (the "Notes") in a private placement to qualified institutional buyers (as defined in Rule 144A under the U.S. Securities Act of 1933, as amended (the "Securities Act")), and outside the United States to non-U.S. persons in compliance with Regulation S under the Securities Act. The Notes have not been registered under the Securities Act, or any applicable state securities laws. The Notes were issued pursuant to an indenture dated September 22, 2014.

The Notes are unsecured and unsubordinated obligations and bear interest at 3.875% per year, payable semiannually on March and September of each year, beginning March 2015. The Notes will mature on September 22, 2019, unless the Notes have been redeemed prior to the maturity date.

The net proceeds of the placement will be used for general corporate purposes, primarily to fund lending activities.

This press release is not an offer of securities for sale in the United States. Securities may not be sold in the United States unless they are registered or are exempt from registration. CorpBanca does not intend to register any portion of this Offering in the United States or to conduct a public offering in the United States. Any public offering of securities to be made in the United States will be made by means of a prospectus that will contain detailed information about CorpBanca and its management, as well as financial statements. Copies of this press release are not being, and should not be, distributed in or sent into the United States.

About CorpBanca

CORPBANCA (NYSE: BCA) (SSE: CORPBANCA) is Chile's oldest operating private bank founded in 1871. Based in Chile, CorpBanca also participates in Colombia and Panama. It also has a branch in New York and a representative office in Madrid. Its total consolidated assets are US$33 billion approximately and the equity totaled US$3.3 billion. Focused on large and medium companies and individuals, CorpBanca offers universal bank products. Its remarkable performance in the past 18 years has allowed consolidating CorpBanca as the fourth largest private bank in Chile. In 2012 CorpBanca started the process of regionalization with the acquisition of two banks in Colombia, becoming the first Chilean bank to have banking subsidiaries abroad.