The Canadian Imperial Bank of Commerce (CIBC) has priced 5.30% callable senior notes due March 5, 2046, with interest payments beginning April 18, 2026. These notes are unsecured obligations and are “bail-inable” under Canadian law, meaning they can be converted into common shares under certain circumstances. CIBC maintains the right to redeem the notes annually starting March 18, 2029, and they will not be listed on any securities exchange.
CIBC (NYSE: CM) prices 5.30% callable senior notes due 2046 with bail‑in terms
The Canadian Imperial Bank of Commerce (CIBC) has priced 5.30% callable senior notes due March 5, 2046, with interest payments beginning April 18, 2026. These notes are unsecured obligations and are “bail-inable” under Canadian law, meaning they can be converted into common shares under certain circumstances. CIBC maintains the right to redeem the notes annually starting March 18, 2029, and they will not be listed on any securities exchange.