CIBC prices flat to covered curve with huge book

Bill Thornhill

April 22, 2021 12:30 pm

CIBC_Bank_PA_230x150_290419 — CIBC is refunding 1.4 million customers for improperly charging credit card fees between 2003 and 2017. CIBC signage is shown in the financial district in Toronto on Tuesday, August 22, 2017. THE CANADIAN PRESS/Nathan Denette | Nathan Denette/The Canadian Press/PA Images

Canadian Imperial Bank of Commerce returned to the euro covered bond market for its first deal since March 2020, issuing a highly subscribed €1bn eight year flat to fair value on Thursday.

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CIBC World Markets Canada Americas Europe North America EMEA FIG Covered Bonds

BT

Bill Thornhill