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.
This article details the characteristics of a specific matured debt instrument, ISIN US13607H2013 (CUSIP: 13607H201), issued by the Canadian Imperial Bank of Commerce (CIBC). CIBC, a leading North American financial institution headquartered in Canada and established in 1867, provides a comprehensive range of banking, wealth management, and capital markets products and services to millions of clients globally. The described obligation, denominated in USD and originating from Canada, was notably a zero-coupon bond with an indicated interest rate of 0%, implying no periodic interest payments but redemption at par. The total issue size amounted to $27,793,000, with a minimum investment unit of $1,000. This bond reached its scheduled maturity on June 25, 2021, and has since been fully redeemed at 100% of its face value, effectively concluding its lifecycle in the fixed-income market.
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