Bond CBIC 3% ( CA13607HQ620 ) in CAD

Issuer	CBIC
Market price	100 % ⇌
Country	Canada
ISIN code	CA13607HQ620 ( in CAD )
Interest rate	3% per year ( payment 1 time a year)
Maturity	07/04/2024 - Bond has expired
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Minimal amount	1 000 CAD
Total amount	1 000 000 CAD
Cusip	13607HQ62
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. A detailed analysis of a recently matured debt instrument reveals key characteristics of a bond issued by the Canadian Imperial Bank of Commerce (CIBC), a prominent financial institution recognized as one of Canada's "Big Five" banks, offering a comprehensive suite of banking, wealth management, and capital markets services to personal, business, public sector, and institutional clients across the globe. This particular fixed-income security, identified by ISIN CA13607HQ620 and CUSIP 13607HQ62, originated from Canada with a total issuance size of CAD 1,000,000 and a minimum purchase size set at CAD 1,000, denominated in Canadian Dollars (CAD). The bond carried an annual interest rate of 3%, with interest payments occurring once per year, and its market price was reported at 100% of par value. Significantly, this bond reached its scheduled maturity date on April 7, 2024, and has since been fully redeemed, marking the completion of its lifecycle within the debt capital markets.