CIBC Toronto taking indications of interest for new three-year Kangaroo deal

On 2 June, Canadian Imperial Bank of Commerce Toronto Branch (CIBC Toronto) (A+/Aa2/AA) began taking indications of interest for a new three-year, Australian dollar denominated, senior-unsecured, benchmark transaction. The potential deal, offered in either or both fixed and floating-rate note formats, is being marketed at 140 basis points area over swap benchmarks.