CIBC prices flat in covereds, as Laurentian enters

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CIBC prices flat in covereds, as Laurentian enters

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Beautiful Canada flag is waving front of a historical building | COSPV - Fotolia

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 this week. At the same time Laurentian Bank said that its programme had received regulatory approval.

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