translated from Spanish: Luksic is celebrating: Banco de Chile canceled its debt subordinate to the Central Bank total

On 30 April, the Bank of Chile was party, and that he paid the last contribution of the subordinated debt that dragged since 1982, in the midst of the banking crisis. That day, the Central Bank reported that the banking House paid a figure close to the $90.299.886.695.
This obligation to cancel the debt was assumed by the matrix society from the Bank of Chile (SM Chile) in 1996. This cancellation will mean the dissolution of the parent company and its subsidiary company administrator of the obligation subordinate S.A. (OSA), created corporate vehicle in order to pay the aforementioned debt and keep the garment on the actions of the Bank of Chile established in favour of the Bank for the purpose of bailing their compliance.
“Given that with this payment the balance of principal sum to date, was extinguished completely including accrued interest, the Central Bank proceeded to hoist the aforementioned garment,” said the statement sent by the Bank of Chile.
This symbolic milestone was celebrated by the Vice-President of the Bank of Chile, Andronico Luksic, who through their network social favorite, Twitter, said that “concludes a complex process of banking, the severe financial crisis of the 80s in Chile. Today the Bank of Chile pays the total of the subordinated debt, 17 years before the provisions, at a cost of UF+5. Important milestone for those who are and have been part of this institution”.

Original source in Spanish