CIBC prices flat to covered curve with huge book

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Covered Bonds

CIBC prices flat to covered curve with huge book

Bill Thornhill
April 22, 2021 12:30 PM
CIBC_Bank_PA_230x150_290419
CIBC is refunding 1.4 million customers for improperly charging credit card fees between 2003 and 2017. CIBC signage is shown in the financial district in Toronto on Tuesday, August 22, 2017. THE CANADIAN PRESS/Nathan Denette | Nathan Denette/The Canadian Press/PA Images

Canadian Imperial Bank of Commerce returned to the euro covered bond market for its first deal since March 2020, issuing a highly subscribed €1bn eight year flat to fair value on Thursday.

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Topics

CIBC World MarketsCanadaAmericasEuropeNorth AmericaEMEAFIGCovered Bonds
BT
Bill Thornhill
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