Bond CBIC 0% ( US13607V3823 ) in USD

Issuer	CBIC
Market price	8.104 % ▼
Country	Canada
ISIN code	US13607V3823 ( in USD )
Interest rate	0%
Maturity	24/02/2023 - Bond has expired
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Minimal amount	10 USD
Total amount	2 617 250 USD
Cusip	13607V382
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. This financial article details a specific fixed-income instrument, an obligation (bond), issued by the Canadian Imperial Bank of Commerce (CIBC), a prominent multinational banking and financial services corporation headquartered in Canada. Identified by ISIN US13607V3823 and CUSIP 13607V382, this bond was issued in Canada and denominated in USD. With a total issuance size of $2,617,250 and a minimum purchase requirement of 10 units, this instrument was characterized as a zero-coupon bond, meaning it carried a 0% interest rate and did not provide periodic coupon payments; instead, investors purchased it at a discount and received its full face value at maturity. While historical market data indicated a reported yield of 8.104% at a specific point in time before its maturity, it is important to note that the bond successfully matured on February 24, 2023, and was subsequently redeemed in full, thereby completing its lifecycle as a debt instrument.