CIBC USD $2 Billion Covered Bond "Final Terms"
Document for first U.S. dollar CB issuance by a Canadian bank
By:
By Covered Bond Investor™ Staff
02/04/2010
In January, Canadian Imperial Bank of Commerce (CIBC) made history when it became the first Canadian bank to issue a covered bond denominated in U.S. dollars. The $2 billion issuance - made under CIBC's existing €8 billion covered bond program - was well received and considered a strong success.
It is our understanding that purchases from this issuance may be made by U.S. investors only to the extent allowed under SEC Rule 144A. The nine-page "Final Terms" document is made available on this website for educational purposes only, not for investment.
To down a PDF of the nine-page "Final Terms" document, click on "CIBC CB 20100127" under "Attachment," below.
| Attachment | Size |
|---|---|
| CIBC CB 20100127.pdf | 202.17 KB |