Canadian Bank of Commerce (TSE:CM) has released an update.
The Canadian Imperial Bank of Commerce has successfully issued a mix of floating and fixed-rate senior notes worth a total of $2.25 billion, set to mature between 2027 and 2029. Mayer Brown LLP, serving as U.S. legal counsel, has affirmed that the notes are valid and binding obligations under the applicable laws. These securities will consolidate with CIBC’s existing notes, enhancing the bank’s financial instruments available to investors.
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