CIBC Sydney launches domestic three-year FRN covered-bond deal
- Wednesday, 24 July 2019
On 24 July, Canadian Imperial Bank of Commerce, Sydney Branch (CIBC Sydney) (A+/Aa2/AA-) launched a new three-year, Australian dollar denominated floating-rate note (FRN) covered-bond deal. Indicative price guidance for the forthcoming transaction, which is expected to price the day after launch, is 52 basis points area over three-month bank bills.
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