Bond Canadian Imperial Bank 4.965% ( US78017DAC20 ) in USD

Issuer	Canadian Imperial Bank
Market price	101.542 % ▲
Country	Canada
ISIN code	US78017DAC20 ( in USD )
Interest rate	4.965% per year ( payment 2 times a year)
Maturity	04/02/2031
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
Minimal amount	2 000 USD
Total amount	1 800 000 000 USD
Cusip	78017DAC2
Standard & Poor's ( S&P ) rating	A ( Upper medium grade - Investment-grade )
Moody's rating	A1 ( Upper medium grade - Investment-grade )
Next Coupon	04/08/2025 ( In 3 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. Investors are currently assessing the Royal Bank of Canada (RBC) bond, identified by ISIN US78017DAC20 and CUSIP 78017DAC2, issued by one of Canada's largest and most globally diversified financial institutions. Headquartered in Canada, RBC provides a comprehensive range of financial services including personal and commercial banking, wealth management, insurance, investor services, and capital markets products worldwide, establishing its strong reputation as a key player in the financial sector. This specific fixed-income instrument, denominated in US Dollars, is presently trading at 101.542% of its par value and offers a 4.965% annual interest rate, with interest payments distributed semi-annually to bondholders. The total size of this significant issuance is $1,800,000,000, and it is accessible to investors with a minimum purchase requirement of $2,000. The bond is set to mature on April 2, 2031, providing a defined investment horizon. Reflecting the issuer's robust creditworthiness, the bond has been assigned an "A" rating by Standard & Poor's and an "A1" rating by Moody's, both signifying strong investment-grade quality and a low perceived risk profile for prospective bondholders.