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.
An overview of a recently matured financial instrument, identified by ISIN US13605WTU52 and CUSIP 13605WTU5, confirms its successful redemption. This specific bond was issued by the Canadian Imperial Bank of Commerce (CIBC), a prominent Canadian multinational banking and financial services corporation headquartered in Toronto, recognized as one of Canada's 'Big Five' banks with a significant global presence in various financial markets. The obligation, denominated in USD, represented a total issuance size of 1,997,000 units, with a minimum acquisition threshold set at 1,000 units for investors. A distinctive characteristic of this bond was its 0% interest rate, indicating that it was structured either as a zero-coupon bond, where returns are primarily derived from the discount at which it was initially purchased and redeemed at par, or as a par-value instrument that offered no periodic coupon payments. Upon reaching its maturity date on December 4, 2023, the bond was fully redeemed at 100% of its market price, confirming its complete repayment to bondholders and the fulfillment of CIBC's financial obligation.
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US13605WTU52 ( in USD )
