CIBC announces $1 billion offering of limited recourse capital notes
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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.
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