Opérations et transactions|19 avril 2021
CIBC issues C$1 billion NVCC subordinated debentures
Torys acted as counsel to the syndicate of dealers led by CIBC Capital Markets with a team that included David Seville, Michael Murphy and Alison Shamie (corporate/securities).
On April 19, 2021, CIBC completed a public offering of C$1 billion of 1.96% debentures (non-viability contingent capital (NVCC)) (subordinated indebtedness) due April 21, 2031. The debentures were issued in Canada and sold through a syndicate of dealers led by CIBC Capital Markets.
The net proceeds from this transaction will be used for general purposes of CIBC.
Further information can be found on Canada Newswire’s website.
CIBC is a leading North American financial institution with 10 million personal banking, business, public sector and institutional clients.