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 fixed-income market event involved the maturity and repayment of a bond issued by CIBC (Canadian Imperial Bank of Commerce), a prominent Canadian multinational banking and financial services corporation. This specific bond, identified by ISIN US13605WPB18 and CUSIP 13605WPB1, was denominated in USD, with a total issue size of 3,252,000 and a minimum purchase size of 1,000. Characterized by an interest rate of 0% and a payment frequency of 2, the security reached its maturity on February 5, 2024, at which point it was fully repaid at its par value, reflecting a market price of 100% at maturity. Issued from Canada, this particular security carried an "NR" (Not Rated) designation from Moody's credit rating agency.
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