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ItalianoBond CBIC 1.878% ( USC24285Y410 ) in USD
| Issuer | CBIC |
| Market price | 100 % ⇌ |
| Country |  Canada
|
| ISIN code |
 USC24285Y410 ( in USD )
|
| Interest rate | 1.878% per year ( payment 2 times a year) |
| Maturity | 03/02/2025 - 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 | 250 000 000 USD |
| Cusip | C24285Y41 |
| Moody's rating | A2 ( Upper medium 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 Canadian Imperial Bank of Commerce (CIBC), a prominent financial institution and one of Canada's 'Big Five' banks, known for providing a broad spectrum of banking, wealth management, and capital markets services to over 11 million clients globally, recently concluded the lifecycle of a specific debt instrument. This bond, identified by ISIN USC24285Y410 and CUSIP C24285Y41, was a U.S. Dollar-denominated obligation issued from Canada. It featured an annual interest rate of 1.878%, with coupon payments disbursed semi-annually, and represented a total issuance size of $250,000,000, with a minimum purchase increment of $2,000. Having reached its scheduled maturity date on February 3, 2025, the bond has been fully redeemed at its par value of 100%, signifying its successful repayment to bondholders, aligning with its A2 credit rating assigned by Moody's. |