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CIBC completes issuance of US$100M floating rate series CBL40 covered bonds

Date Closed

mars 10, 2022

Lead Office



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).