Bond CBIC 1% ( US13605WB755 ) in USD

Issuer	CBIC
Market price	96.6 % ▲
Country	Canada
ISIN code	US13605WB755 ( in USD )
Interest rate	1% per year ( payment 2 times a year)
Maturity	19/08/2026
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Minimal amount	1 000 USD
Total amount	5 000 000 USD
Cusip	13605WB75
Standard & Poor's ( S&P ) rating	N/A
Moody's rating	A2 ( Upper medium grade - Investment-grade )
Next Coupon	19/02/2026 ( In 168 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 fixed-income instrument issued by the Canadian Imperial Bank of Commerce (CIBC) is currently available on the market, providing investors with an opportunity to engage with a leading North American financial institution. CIBC, formally known as the Canadian Imperial Bank of Commerce, stands as one of Canada's "Big Five" chartered banks, operating as a multinational banking and financial services corporation with a significant presence across retail, corporate, and institutional banking sectors globally, underpinned by its robust financial foundation and an A2 credit rating from Moody's. This specific bond, identified by the ISIN US13605WB755 and CUSIP 13605WB75, is a USD-denominated obligation carrying a 1% coupon rate. Originating from Canada, the bond is structured with a maturity date of August 19, 2026, and features semi-annual interest payments. The total size of this particular issuance amounts to $5,000,000, with a minimum investment threshold set at $1,000. As per current market valuations, the bond is trading at 94.893% of its par value, reflecting its pricing below par. Its credit profile is further substantiated by the A2 rating provided by Moody's, signifying a strong capacity for the issuer to meet its financial commitments.