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Prospect News home > News index > List of issuers Tenders > Headlines for 2015 > News item
Published on 3/9/2015 in the Prospect News Canadian Bonds Daily, Prospect News Investment Grade Daily and Prospect News Liability Management Daily.

CIBC to redeem all $1.1 billion 4.11% debentures due 2020

By Marisa Wong

Madison, Wis., March 9 – Canadian Imperial Bank of Commerce said it plans to redeem all $1.1 billion of its 4.11% debentures due April 30, 2020.

The debentures will be redeemed at par on April 30, together with accrued interest to but excluding the redemption date.

The redemption will be financed out of CIBC’s general corporate funds.

CIBC is a Toronto-based financial services company.


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