CIBC reopens US for covered bonds

January 27, 2010 12:00 am

CIBC is today (Wednesday) pricing the first benchmark covered bond to be targeted at US investors since mid-2007, a $2bn three year transaction. With orders said to total some $4bn, the deal is encouraging for other non-US issuers keen to raise funding in the US. Read EuroWeek on Friday for full coverage of the transaction and what it means for covered bonds in the US.

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