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CARDS II Trust issuesC$1.6B credit card receivables-backed notes

Date Closed

January 25, 2023

Lead Office


On January  25, 2023, CIBC, as the seller, and CARDS II Trust, as issuer, completed the C$1.6 billion issuance of credit card receivables-backed notes.

McCarthy Tétrault advised CIBC and CARDS II Trust with a team led by Dean Masse that included Daryna Kutsyna, Candace Pallone, Mary Jeanne Phelan (Business), Jeff Oldewening, and Kathryn Walker (Tax).