CIBC completes US denominated floating rate covered bond issuance of US$500M due September 28, 2026

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).