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CIBC follows DNB in fives, a tenor of choice as 2018 unfolds

pair of fives
By Bill Thornhill
17 Jan 2018

Canadian Imperial Bank of Commerce followed DNB Boligkreditt with the second five year covered bond of the year. The tenor, which appeals to the broadest audience and offers the best execution certainty, should become increasingly popular as tapering of central bank purchases and refinancing of the central bank liquidity takes effect.

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By Bill Thornhill
17 Jan 2018