Investors jump for CIBC covered Kangaroo

Cabei, Kangaroo, Australia, LatAm
By Bill Thornhill
24 Jul 2019

Investors jumped at the chance to buy Canadian Imperial Bank of Commerce’s Australian dollar covered bond on Wednesday.

Orders for the three year floating rate bond stood at A$575m in the early afternoon on Wednesday.  

Joint lead managers ANZ, HSBC, National Australia Bank, Westpac and CIBC were mandated earlier in the day and set guidance at 52bp over BBSW, the benchmark three ...

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