CIBC issues Aussie dollar senior debt

14 Dec 2012

Canadian Imperial Bank of Commerce (CIBC) came to market with its debut senior unsecured trade in Australian dollars on Tuesday, following up on a number of covered bonds it has previously issued in the currency.

Australia and New Zealand Banking Group and CIBC priced the A$125m ($131.16m) 4.25% January 2018 paper at 95bp over mid-swaps, in line with guidance set at the 95bp area. Leads had targeted a minimum size of A$100m, but increased the size of the deal to fit demand.

CIBC, which ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial