CIBC intends to sell fixed-, floating-rate notes in two tranches

By Devika Patel

Knoxville, Tenn., Jan. 26 – Canadian Imperial Bank of Commerce intends to price senior notes in two tranches of fixed-rate notes and floating-rate notes, according to a SUPPL filing with the Securities and Exchange Commission.

The notes are non-callable.

BofA Merrill Lynch, Deutsche Bank Securities Inc., CIBC Capital Markets, Wells Fargo Securities LLC and Citigroup Global Markets Inc. are the bookrunners.

Proceeds will be added to the bank’s funds and used for general corporate purposes.

Toronto-based diversified financial institution CIBC was last in the U.S. bond market with a $750 million offering of five-year notes on Jan. 17.

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