CIBC将发行7亿美元6.500% NVCC AT 1 Limited追索资本票据

2026-01-09 21:40

CIBC (CM) has announced a U.S. offering of US$700M of 6.500% Fixed Rate Reset Limited Recourse Capital Notes Series 9.
The notes will bear interest at a rate of 6.500% annually, payable quarterly, for the initial period ending on, but excluding, July 28, 2031. Thereafter, the interest rate will reset every five years at a rate equal to the prevailing 5-year U.S. Treasury Rate plus 2.727%.
The notes will mature on July 28, 2086.
The expected closing date of the offering is January 13, 2026. Net proceeds to CIBC from the sale will be used for general corporate purposes.
In connection with the issuance, CIBC will issue Non-Cumulative 5-Year Fixed Rate Reset Class A Preferred Shares Series 64.

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