Canadian Imperial Bank of Commerce to offer $750M worth of notes

6 hours ago 1
CIBC atm machines in a downtown Toronto.

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Canadian Imperial Bank of Commerce (NYSE:CM) (TSX:CM:CA) announced on Wednesday a public offering of $750M worth fixed-rate reset limited recourse capital notes series 7.

The notes will bear interest at a rate of 7.000% annually, payable quarterly, for the initial period ending October

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