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 examination of a specific debt instrument, ISIN US136071BC01 (CUSIP: 136071BC0), reveals it to be a fully matured and redeemed zero-coupon bond issued from Canada by the Canadian Imperial Bank of Commerce (CIBC), a prominent multinational banking and financial services corporation and one of Canada's "Big Five" banks. This particular bond, denominated in USD, had a total issuance size of USD 218,000 with a minimum purchase increment of USD 1,000, and despite the indication of a 0% interest rate, it was designed to deliver its return at maturity on October 21, 2021, at which point it was successfully redeemed at 100% of its face value.
|