CIBC prices a new covered bond in Kangaroo market return [UPDATED]
- Friday, 05 June 2015
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.
