CIBC Sydney launches three-year benchmark covered bond
- Friday, 08 July 2022
Disclosure type: launch
Issuer name: Canadian Imperial Bank of Commerce Sydney Branch
Issuer rating: A+/AA-
Expected issue rating: Aaa/AAA
Announcement date: 8 July 2022
Expected pricing date: 8 July 2022
Lead managers: Commonwealth Bank of Australia, Commonwealth Imperial Bank of Commerce, National Australia Bank, Nomura, Westpac Institutional Bank
Transaction type: covered bond
Currency: AUD
Indicative volume: benchmark size
Tenor/maturity date: three years
Coupon type: fixed and/or FRN
Price guidance: 95bp/swap benchmarks
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