Bond Canadian Imperial Bank 1.9% ( USC7976PAB25 ) in USD

Issuer	Canadian Imperial Bank
Market price	100 % ⇌
Country	Canada
ISIN code	USC7976PAB25 ( in USD )
Interest rate	1.9% per year ( payment 2 times a year)
Maturity	23/09/2022 - Bond has expired
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Minimal amount	200 000 USD
Total amount	1 500 000 000 USD
Cusip	C7976PAB2
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 provides an overview of the Royal Bank of Canada bond, identified by ISIN USC7976PAB25 and CUSIP C7976PAB2, which recently reached its maturity and was successfully redeemed. Issued from Canada and denominated in USD, this fixed-income instrument carried a fixed annual interest rate of 1.9%, with interest payments made semi-annually. The total size of this particular bond issuance was $1,500,000,000, with a minimum acquisition threshold set at $200,000. The Royal Bank of Canada, the esteemed issuer of this bond, stands as a premier global financial institution headquartered in Canada, recognized as one of the largest and most diversified financial services companies worldwide. RBC offers a comprehensive array of banking, wealth management, insurance, investor services, and capital markets products and services, reinforcing its robust financial standing and commitment to its obligations. This specific bond matured on September 23, 2022, and as confirmed, it was fully repaid to investors at its par value of 100%, successfully completing its lifecycle within the fixed-income market.