Bond CBIC 1.34% ( US13605W6T31 ) in USD

Issuer	CBIC
Market price	96.976 % ▲
Country	Canada
ISIN code	US13605W6T31 ( in USD )
Interest rate	1.34% per year ( payment 2 times a year)
Maturity	22/09/2026
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Minimal amount	1 000 USD
Total amount	11 700 000 USD
Cusip	13605W6T3
Standard & Poor's ( S&P ) rating	A- ( Upper medium grade - Investment-grade )
Moody's rating	A2 ( Upper medium grade - Investment-grade )
Next Coupon	22/09/2025 ( In 18 days )
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 recent offering from the Canadian Imperial Bank of Commerce (CIBC) provides investors with an opportunity to engage with a fixed-income instrument issued by a prominent North American financial institution. This particular bond, identified by ISIN US13605W6T31 and CUSIP 13605W6T3, is currently trading on the market at a price of 95.525% of its par value, denominated in U.S. Dollars. The instrument carries a fixed interest rate of 1.34% and offers semi-annual interest payments (frequency 2). With a maturity date set for September 22, 2026, this debt security has a total issuance size of 11,700,000 units, with a minimum purchase requirement of 1,000 units, making it accessible to a range of investors. The issuer, CIBC, stands as a cornerstone of the Canadian banking sector and a significant player in global financial markets. As one of Canada's "Big Five" banks, the Canadian Imperial Bank of Commerce operates across retail banking, wealth management, and capital markets, serving millions of clients across North America and around the world. Its deep-rooted history and diversified business model underscore its stability and financial strength, a factor reflected in the credit ratings assigned to its debt. The bond's credit quality is affirmed by leading rating agencies: Standard & Poor's (S&P) has assigned an 'A-' rating, while Moody's Investors Service has provided an 'A2' rating. These investment-grade ratings underscore CIBC's strong capacity to meet its financial commitments, offering a measure of security to bondholders. Issued from Canada, this USD-denominated bond from CIBC represents a notable fixed-income opportunity, combining a solid credit profile with defined maturity and regular income streams.