Bond CBIC 0% ( CA13607GDK72 ) in CAD

Issuer	CBIC
Market price	100 % ⇌
Country	Canada
ISIN code	CA13607GDK72 ( in CAD )
Interest rate	0%
Maturity	09/04/2020 - Bond has expired
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Minimal amount	1 000 CAD
Total amount	280 000 000 CAD
Cusip	13607GDK7
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 article details a recently matured bond issued by the Canadian Imperial Bank of Commerce (CIBC), a prominent global financial institution and one of Canada's "Big Five" banks, offering diverse services from retail banking to capital markets, which served as the issuer for this particular instrument. Identified by ISIN CA13607GDK72 and CUSIP 13607GDK7, this Canadian Dollar (CAD) denominated bond, originating from Canada, carried a 0% coupon rate, characteristic of a zero-coupon instrument, and had a total issuance size of CAD 280,000,000, with a minimum purchase increment of CAD 1,000. The bond reached its maturity on April 9, 2020, and was subsequently redeemed at 100% of its face value, reflecting its final settlement with a payment frequency designated as one, confirming the single principal repayment upon maturity.