CIBC follows ABN into Aussies
Canadian Imperial Bank of Commerce is expected to sell its second Australian dollar deal of the year on Thursday.
Lead managers CIBC and NAB are offering guidance on the minimum A$100m ($91.7m) six year paper at the 93bp over mid-swaps area.The deal is CIBC’s second in Australian dollars this year, following a A$100m 4.625% March 2018 note sold at 90bp over mid-swaps in March. The issuer ...
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