CIBC announces $1 billion offering of limited recourse capital notes

Bitget2026/10/19 21:46

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CIBC plans a $1 billion offering of Series 11 AT1 limited recourse capital notes to institutional investors.
The notes pay 6.63% annually, semiannually, through November 28, 2031, and mature November 28, 2086.
Interest resets every five years thereafter at the five-year Government of Canada yield plus 2.97%.
Priced at $1,000 per note, the offering is expected to close October 28, 2026.
Net proceeds will support general corporate purposes, potentially including redemption of outstanding capital securities or repayment of other obligations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CIBC - Canadian Imperial Bank of Commerce published the original content used to generate this news brief via CNW (Ref. ID: 202610191745CANADANWCANADAPF_C1929) on October 19, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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CIBC announces $1 billion offering of limited recourse capital notes

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