CIBC prices flat in covereds, as Laurentian enters
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Covered Bonds

CIBC prices flat in covereds, as Laurentian enters

Canada FA 230

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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