Date Closed

September 16, 2020

Lead Office

Toronto

Value

750.00 Million CAD

On September 16, 2020, the Canadian Imperial Bank of Commerce closed its issuance of C$750 million aggregate principal amount of 4.375% Limited Recourse Capital Notes, Series 1 (Non-Viability Contingent Capital (NVCC)) (Subordinated Indebtedness). The syndicate of agents in the offering was led by CIBC World Markets Inc. and included J.P. Morgan Securities Canada Inc., TD Securities Inc., BMO Nesbitt Burns Inc., Desjardins Securities Inc., National Bank Financial Inc., RBC Dominion Securities Inc., Scotia Capital Inc., Merrill Lynch Canada Inc., Wells Fargo Securities Canada, Ltd., HSBC Securities (Canada) Inc., Industrial Alliance Securities Inc., Laurentian Bank Securities Inc., and Manulife Securities Incorporated.

Canadian Imperial Bank of CIBC World Markets Inc. is the investment banking subsidiary of the Canadian Imperial Bank of Commerce that operates as an investment bank both in the domestic and international equity and debt capital markets.

McCarthy Tétrault  advised a syndicate of agents led by CIBC World Markets Inc. with a team co-led by Andrew Parker and Jo-Anna Brimmer that included Shauvik Shah (Business Law) and Gabrielle Richards (Tax).