Canadian Imperial Bank Of Commerce (TSE:CM) has released an update.
The Canadian Imperial Bank of Commerce (CIBC) has successfully issued US$750 million in 5.260% Senior Notes due in 2029, with the legal proceedings overseen by Mayer Brown LLP as U.S. counsel. Mayer Brown has examined all necessary documents and provided an opinion affirming the notes as valid and legally binding obligations under the applicable laws, subject to standard legal and equitable considerations. This financial move could influence CIBC’s economic position and interest stakeholders in the bank’s fiscal strategies.
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