Bond CBIC 15% ( XS2158601240 ) in USD

Issuer	CBIC
Market price	100 % ⇌
Country	Canada
ISIN code	XS2158601240 ( in USD )
Interest rate	15% per year ( payment 2 times a year)
Maturity	07/05/2026
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Minimal amount	1 000 USD
Total amount	1 500 000 USD
Next Coupon	07/11/2025 ( In 8 days )
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 article provides a detailed overview of a specific bond issuance identified by ISIN XS2158601240, an obligation issued from Canada by the Canadian Imperial Bank of Commerce (CIBC), a prominent financial institution. The bond is denominated in US Dollars (USD) and currently trades at 100% of its par value, indicating its market price aligns with its face value. It features a substantial annual interest rate of 15%, with interest payments scheduled twice a year, providing semi-annual distributions to bondholders. The maturity date for this fixed-income instrument is set for May 7, 2026, offering a clear redemption horizon. The total size of this particular bond issue amounts to USD 1,500,000, with a minimum investment threshold of USD 1,000 per purchase, making it accessible to various investor sizes. The issuer, Canadian Imperial Bank of Commerce (CIBC), is one of Canada's "Big Five" banks, a major multinational banking and financial services corporation headquartered in Toronto. Established in 1867, CIBC holds a significant and long-standing presence in the North American financial sector, offering a wide array of services including retail and business banking, wealth management, and capital markets activities to clients across Canada and globally. As a systemically important financial institution in Canada, CIBC's operations are characterized by a robust regulatory framework and a diversified business model, lending a strong credit profile to its issued debt instruments. This specific bond therefore represents a fixed-income opportunity from a well-established and creditworthy financial entity, offering a notable yield and a defined maturity within the current market environment.