CIBC completes US denominated floating rate covered bond issuance of US$500M due September 28, 2026
Date Closed
August 16, 2023
Lead Office
Toronto
Value
500.00 Million USD
On August 16, 2023, CIBC closed its US denominated floating rate covered bond issuance of US$500 million due September 28, 2026. The covered bonds were issued under CIBC’s C$60 billion global covered bond program.
CIBC is a Canadian multinational banking and financial services corporation headquartered at CIBC Square in the Financial District of Toronto, Ontario.
McCarthy Tétrault advised CIBC with a team led by Marc MacMullin that included Jo-Anna Brimmer, Candace Pallone (Financial Services), Jonathan Leung (Business), and Jackson Virgin-Holland (Summer Student).
