Bond Canadian Imperial Bank 5.75% ( US78015KQY37 ) in USD

Issuer	Canadian Imperial Bank
Market price	101.65 % ▲
Country	Canada
ISIN code	US78015KQY37 ( in USD )
Interest rate	5.75% per year ( payment 2 times a year)
Maturity	23/03/2023 - Bond has expired
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Minimal amount	1 000 USD
Total amount	2 804 000 USD
Cusip	78015KQY3
Detailed description	The Royal Bank of Canada (RBC) is a Canadian multinational financial services company offering personal and commercial banking, wealth management, insurance, and investment banking services globally. A specific debt instrument, identified by ISIN US78015KQY37 and CUSIP 78015KQY3, issued by the Royal Bank of Canada, recently reached its scheduled maturity and has been duly redeemed. Royal Bank of Canada (RBC), a leading diversified financial services company headquartered in Canada, stands as one of North America's largest banks by market capitalization, serving over 17 million clients globally and frequently accessing international debt capital markets for funding. This particular bond, issued from Canada and denominated in USD, carried an annual interest rate of 5.75%, with coupon payments disbursed semi-annually. The total issuance volume for this bond was 2,804,000 units, with a minimum purchase denomination set at 1,000 units. Prior to its maturity date of March 23, 2023, market activity reflected strong investor confidence in the instrument, as evidenced by its trading at a premium, having reached a market price of 101.65%. With its maturity on March 23, 2023, this bond has successfully concluded its lifecycle, with all principal and final interest payments having been fulfilled to bondholders, signifying its full redemption.