CIBC Sydney launches three-year covered bond

Friday, 14 April 2023

Disclosure type: launch
Issuer name: Canadian Imperial Bank of Commerce Sydney Branch
Issuer rating: A+/Aa2/AA
Expected issue rating: Aaa/AAA (Moody's/Fitch)
Announcement date: 14 April 2023
Expected pricing date: 14 April 2023
Lead managers (active): National Australia Bank, Nomura, RBC Capital Markets, Westpac Institutional Bank
Lead manager (passive): CIBC

Transaction type: covered bond
Currency: AUD
Indicative volume: ND
Tenor: three years
Coupon type: fixed and/or FRN
Price guidance: 82bp/swap