CIBC intends to redeem all $750 million of its 4.25% Debentures due June 1, 2014, the bank said Wednesday.In accordance with their terms, the debentures will be redeemed at 100% of their principal amount on June 1, 2009. The interest accrued on the debentures to the redemption date will be paid through CIBC Mellon Trust […]
BMO, CIBC, Manulife and TD recognized for programs to assist recent immigrants
Program assists newcomers through educational seminars and job-readiness training
Beginning this Sunday, March 15, an additional 15 CIBC branches across the country will open their doors on Sundays from noon to 4 p.m.“With Canada’s diverse population, we know Monday to Friday just doesn’t work for everyone. Sunday is now a busy shopping day for many Canadians. That’s why we’re adding full-service Sunday banking at […]
CIBC has completed its issue $200 million of preferred shares, the bank said Friday.The offering consisted of 8 million non-cumulative Rate Reset Class A Preferred Shares, Series 37, priced at $25 per Series 37 Share.The offering was made through a syndicate of underwriters led by CIBC World Markets Inc. The Series 37 Shares commence trading […]
Bank’s pro-forma Tier 1 capital ratio to rise to 11.5%
Bank to issue preferred shares
The bank becomes the third of the Big Five to offer the investment product
Near-term economic outlook likely to worsen on lagging delivery of fiscal stimulus
CIBC has increased tthe size of the offering of its Series 35 Shares to 10 million shares as a result of strong investor demand, the bank said Tuesday.The gross proceeds of the offering of non-cumulative Rate Reset Class A Preferred Shares, Series 35 will now be $250 million.In addition, CIBC has granted the underwriters an […]