CIBC FRN 24CIBC FRN 24CIBC FRN 24

CIBC FRN 24

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Key terms


Outstanding amount
‪100.00 M‬USD
Face value
200,000.00USD
Minimum denomination
200,000.00USD
Coupon
5.83% (Variable)
Coupon frequency
Quarterly
Yield to maturity
5.83%
Maturity date
Nov 27, 2024
Term to maturity
2 months

About CIBC FRN 24


Sector
Finance
Industry
Regional Banks
Home page
Issue date
Oct 27, 2023
ISIN
XS2710059200
FIGI
BBG01JV99619
Canadian Imperial Bank of Commerce is a financial institution, which engages in the provision of banking and wealth management services. It operates through the following segments: Canadian Personal and Business Banking, Canadian Commercial Banking and Wealth Management, U.S. Commercial Banking and Wealth Management, Capital Markets and Direct Financial Services, and Corporate and Other. The Canadian Personal and Business Banking segment provides financial advice, services, and solutions. The Canadian Commercial Banking and Wealth Management segment caters to middle-market companies, entrepreneurs, high-net-worth individuals, families, and asset management services to institutional investors. The U.S. Commercial Banking and Wealth Management segment includes provision of solution and services across the U.S., focusing on middle-market and mid-corporate companies, entrepreneurs, high-net-worth individuals, families, and operating personal and small business banking services in four U.S. markets. Capital Markets and Direct Financial Services segment consists of integrated global markets products and services, investment and corporate banking, and research. The Corporate and Other segment refers to the functional groups such as technology, infrastructure, innovation, risk management, people, culture and brand, finance and enterprise strategy, and other support groups. The company was founded on June 1, 1961 and is headquartered in Toronto, Canada.
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