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ItalianoBond CBIC 3.5% ( US13607RAD26 ) in USD
| Issuer | CBIC |
| Market price | 100 % ▲ |
| Country |  Canada
|
| ISIN code |
 US13607RAD26 ( in USD )
|
| Interest rate | 3.5% per year ( payment 2 times a year) |
| Maturity | 13/09/2023 - Bond has expired |
|
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible |
|
| Minimal amount | 2 000 USD |
| Total amount | 1 000 000 000 USD |
| Cusip | 13607RAD2 |
| Standard & Poor's ( S&P ) rating | A+ ( Upper medium grade - Investment-grade ) |
| Moody's rating | Aa2 ( High grade - Investment-grade ) |
| 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. The bond identified by ISIN US13607RAD26 (CUSIP: 13607RAD2), issued by Canadian Imperial Bank of Commerce (CIBC), a prominent global financial institution headquartered in Canada, successfully matured and was fully repaid on September 13, 2023. This U.S. dollar-denominated debt instrument, which originally represented a total issuance of $1,000,000,000, carried an annual interest rate of 3.5% distributed semi-annually. Throughout its duration, the bond maintained strong credit ratings, assessed as A+ by Standard & Poor's and Aa2 by Moody's, indicative of the issuer's robust financial standing prior to the scheduled repayment of principal. |