Bond CBIC 0% ( XS1837285631 ) in USD

Issuer	CBIC
Market price	100 % ⇌
Country	Canada
ISIN code	XS1837285631 ( in USD )
Interest rate	0%
Maturity	13/06/2023 - Bond has expired
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Minimal amount	1 000 USD
Total amount	1 500 000 USD
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 debt instrument identified by ISIN XS1837285631, a bond issued by the Canadian Imperial Bank of Commerce (CIBC), successfully reached its maturity on June 13, 2023, and has since been fully redeemed at 100% of its face value. This specific bond, denominated in US Dollars (USD) and issued from Canada, represented a total issue size of 1,500,000 USD, with a minimum purchase amount set at 1,000 USD. A distinctive feature of this bond was its zero-coupon structure, indicated by an interest rate of 0%, meaning it did not provide periodic interest payments; instead, investors typically acquired the bond at a discount to its face value, with their return realized through the capital appreciation upon its redemption at par. The Canadian Imperial Bank of Commerce, widely known as CIBC, stands as one of Canada's largest and most long-established financial institutions, providing a comprehensive range of banking, wealth management, and capital markets products and services to millions of clients globally. As a major player in international financial markets, CIBC frequently issues various debt instruments to diverse investor bases, and the successful redemption of this particular bond marks the conclusion of its lifecycle as a fixed-income asset.