CIBC Strengthens Capital Structure with US$2.3 Billion Senior Notes Issuance

Canadian Bank of Commerce ( (TSE:CM) ) has provided an announcement.

CIBC announced the issuance and sale of a series of senior notes totaling US$2.3 billion, which includes floating rate notes due in 2028 and fixed-to-floating rate notes due in 2028 and 2031. This strategic financial move is expected to strengthen CIBC’s capital structure, potentially enhancing its market positioning and providing long-term benefits to its stakeholders.

More about Canadian Bank of Commerce

The Canadian Imperial Bank of Commerce (CIBC) is a leading Canadian financial institution governed by the Bank Act in Canada. It offers a wide range of financial products and services, primarily focusing on personal and business banking, wealth management, and capital markets services.

YTD Price Performance: -1.13%

Average Trading Volume: 963,911

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $58.21B

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