Canadian Imperial Bank of Commerce (CIBC) priced a new Australian dollar denominated five-year covered bond on June 5. According to KangaNews data, the issuer has not visited the Kangaroo market since it priced a A$500 million (US$388.3 million) covered bond in October 2013. That floating-rate note (FRN) had pricing of 52 basis points over bank bills.

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KangaNews is the trading name of BondNews Limited, a company registered in the UK and Australia. With our head office in Sydney and a satellite office in Europe, we are positioned to provide a one-stop information service on the Australasian fixed-income markets.
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