Bond CBIC 0% ( CA13597ZE340 ) in CAD

Issuer	CBIC
Market price	100 % ⇌
Country	Canada
ISIN code	CA13597ZE340 ( in CAD )
Interest rate	0%
Maturity	30/10/2026
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Minimal amount	1 000 CAD
Total amount	50 000 000 CAD
Cusip	13597ZE34
Detailed description	CIBC is a leading North American financial institution offering a wide range of financial products and services to personal and business clients, including banking, wealth management, and capital markets. Canadian Imperial Bank of Commerce (CIBC), a leading financial institution and one of Canada's 'Big Five' banks renowned for its comprehensive operations across retail banking, wealth management, and capital markets, has issued a CAD 50,000,000 bond, identified by ISIN CA13597ZE340 and CUSIP 13597ZE34, originating from Canada. This specific debt instrument, denominated in Canadian Dollars (CAD) and currently trading at 100% of its par value, is characterized by a 0% interest rate, classifying it as a zero-coupon bond where the investor's return is entirely realized through a single principal payment at its maturity on October 30, 2026, with a minimum acquisition size set at CAD 1,000, presenting a Canadian-dollar denominated fixed-income opportunity from a highly reputable issuer.