CIBC Sells Covered Bonds in Swiss Francs
Canadian launch amounts to CHF 675 million (USD $660.52 million)
By:
By Covered Bond Investor™ Staff
12/09/2009
Canadian Imperial Bank of Commerce (CIBC) Tuesday (Dec. 8) priced a CHF 675 million (USD $660.52 million / C$ 700.5) covered bond issue.
CIBC's move followed Royal Bank of Canada's (RBC's) sale in late October of a C$750 million (USD $ 706 million) covered bond issue with a five-year maturity.