Bond CBIC 3.5% ( XS2169281727 ) in EUR

Issuer	CBIC
Market price	100 % ⇌
Country	Canada
ISIN code	XS2169281727 ( in EUR )
Interest rate	3.5% per year ( payment 1 time a year)
Maturity	06/05/2025 - Bond has expired
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Minimal amount	1 000 EUR
Total amount	4 000 000 EUR
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. A bond identified by ISIN XS2169281727, issued by the Canadian Imperial Bank of Commerce (CIBC), recently reached its maturity date on May 6, 2025, and has been fully redeemed at its par value of 100%. This EUR-denominated debt instrument, originating from Canada, carried a fixed annual interest rate of 3.5% over its term. The total issuance size for this bond was 4,000,000 EUR, with a minimum investment threshold set at 1,000 EUR per unit. CIBC, formally known as the Canadian Imperial Bank of Commerce, stands as one of Canada's leading financial institutions, often referred to as one of the 'Big Five' banks, providing a comprehensive range of financial products and services including retail and business banking, wealth management, and capital markets solutions to millions of clients globally, underlining its strong creditworthiness and operational stability. The full redemption of this bond signifies the successful completion of its lifecycle, ensuring the return of principal to bondholders in addition to the regular interest payments received throughout its tenure.