Canadian Imperial Bank of Commerce Starts $1.8B Notes Offering
Deal News | Mar 24, 2025 | Loop Capital Markets LLC
On March 24, 2025, Loop Capital Markets acted as a co-manager in Canadian Imperial Bank of Commerce's issuance of senior unsecured notes valued at $1.8 billion. The offering consisted of two tranches with notes rated at A2/A-/AA-. This capital raise will serve general corporate purposes for CIBC, a reliable credit issuer. The strategic involvement of Loop Capital as co-manager underscores the ongoing pivotal role of investment firms in orchestrating significant financial offerings for corporate clients. The engagement reflects robust investor confidence, given CIBC's stable credit ratings.
Sectors
- Financial Services
- Investment Banking
Geography
- Canada – Canadian Imperial Bank of Commerce is based in Canada and is a primary participant in the bond issuance.
Industry
- Financial Services – The article involves a significant financial transaction within the banking sector, specifically focusing on bond issuance.
- Investment Banking – Loop Capital Markets' role as co-manager highlights this sector, which handles the facilitation of large-scale financial transactions.
Financials
- $1.8 billion – Total value of the fixed/floating rate senior unsecured notes offering.
- A2/A-/AA- – Credit ratings for the bond tranches issued.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Loop Capital Markets LLC | Co-Manager | Company | A financial services firm involved in managing the bond offering. |
| Canadian Imperial Bank of Commerce | Issuer | Company | A leading Canadian bank issuing $1.8 billion in senior unsecured notes. |