Date Closed

March 10, 2022

Lead Office

Montréal

Value

100.00 Million USD

On March 10, 2022, Canadian Imperial Bank of Commerce (CIBC) completed an issuance of USD$100 million Floating Rate Series CBL40 Covered Bonds due March, 2025. The offering was conducted pursuant to CIBC's C$60 billion Global Covered Bond Programme. 

The covered bonds are unconditionally and irrevocably guaranteed as to timely payment of principal and interest by CIBC Covered Bond (Legislative) Guarantor Limited Partnership. 

CIBC, a diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally.

McCarthy Tétrault LLP advised CIBC with a team led by Laure Fouin that included Marc MacMullin and Candace Pallone (Financial Services), Tina Benson, Tamara Shabazova and Benjamin Rivard (Business).