CIBC launches US$ 2 billion fixed-to-floating rate senior notes offering in 2029 and 2032 tranches

Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce

CM

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  • CIBC priced a USD 2 billion senior debt offering via two fixed-to-floating rate senior note tranches.
  • USD 1 billion 4.723% fixed-to-floating rate senior notes due 2029; interest resets June 16, 2028 to compounded SOFR +67 bps.
  • USD 1 billion 5.051% fixed-to-floating rate senior notes due 2032; interest resets June 16, 2031 to compounded SOFR +101 bps.
  • Settlement set for June 16, 2026; proceeds earmarked for general corporate purposes.
  • Notes designated bail-inable under Canada’s CDIC Act.


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