Bond Canadian Imperial Bank 0.546% ( US78016EZP59 ) in USD

Issuer	Canadian Imperial Bank
Market price	100.191 % ▼
Country	Canada
ISIN code	US78016EZP59 ( in USD )
Interest rate	0.546% per year ( payment 4 times a year)
Maturity	19/01/2026
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Minimal amount	2 000 USD
Total amount	300 000 000 USD
Cusip	78016EZP5
Standard & Poor's ( S&P ) rating	A ( Upper medium grade - Investment-grade )
Moody's rating	A1 ( Upper medium grade - Investment-grade )
Next Coupon	20/10/2025 ( In 80 days )
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. This financial article details a bond issuance, identified by ISIN US78016EZP59 and CUSIP 78016EZP5, from the Royal Bank of Canada, a prominent Canadian multinational financial services company and one of North America's largest banks by market capitalization, which issued this obligation in Canada; currently trading at 100.191% of its par value, this U.S. Dollar-denominated bond features an annual interest rate of 0.546% with a maturity date of January 19, 2026, comprising a total issue size of $300,000,000 and a minimum purchase amount of $2,000, while interest payments are distributed quarterly, further holding strong investment-grade credit ratings of 'A' from Standard & Poor's and 'A1' from Moody's.