CIBC completes aggregate C$600M domestic public offerings of Limited Recourse Capital Notes and institutional NVCC Preferred Shares
On March 24, 2025, CIBC completed domestic public offerings of C$450 million of 6.369% Limited Recourse Capital Notes and C$150 million of institutional NVCC Preferred Shares.
CIBC World Markets Inc. led the syndicate of agents for both offerings, which included Desjardins Securities Inc., Scotia Capital Inc., National Bank Financial Inc., BMO Nesbitt Burns Inc., iA Private Wealth Inc., Laurentian Bank Securities Inc., Manulife Wealth Inc., RBC Dominion Securities Inc., TD Securities Inc. and Cedar Leaf Capital Inc.
McCarthy Tétrault advised the syndicate of agents on both offerings with a team led by Andrew Parker and Jo-Anna Brimmer that included Daryna Kutsyna, Dan Schechner (Business), Kabir Jamal, Len Nesbitt, Benjamin Felsher (Tax), and Rita Iafrate (Articling student).
