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ItalianoBond CBIC 0% ( CA1360695N79 ) in CAD
| Issuer | CBIC |
| Market price | 100 % ⇌ |
| Country |  Canada
|
| ISIN code |
 CA1360695N79 ( in CAD )
|
| Interest rate | 0% |
| Maturity | 22/07/2019 - Bond has expired |
|
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible |
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| Minimal amount | 1 000 CAD |
| Total amount | 115 000 000 CAD |
| Cusip | 1360695N7 |
| 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. This financial analysis focuses on a specific debt instrument, identified by its ISIN CA1360695N79 and CUSIP 1360695N7, which was an obligation issued by the Canadian Imperial Bank of Commerce (CIBC), one of Canada's largest and oldest financial institutions, renowned for its extensive operations across personal and commercial banking, wealth management, and capital markets globally, with its headquarters in Canada. The bond, denominated in Canadian Dollars (CAD), represented a total issuance size of CAD 115,000,000, with a minimum investment threshold set at CAD 1,000. Notably, this particular bond was structured as a zero-coupon instrument, featuring a stated interest rate of 0%, meaning there were no periodic interest payments, with its value accruing over time for a single principal payment upon maturity. The full principal amount of the bond was due on its maturity date, July 22, 2019, at which point it was successfully redeemed at 100% of its face value, confirming the fulfillment of the issuer's obligations and its full repayment to investors. |