CIBC reopens dollar covered bonds with a roar
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Covered Bonds

CIBC reopens dollar covered bonds with a roar

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Canadian Imperial Bank of Commerce achieved a roaring success with its $2bn five year 144A deal priced on Wednesday, the first from a Canadian bank in over a year. CIBC managed to achieve a size and spread that would not have been possible in euros and showed the importance of paying attention to key currency markets outside Europe.

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