TORONTO, Jan. 22, 2025 /CNW/ - CIBC (TSX: CM) (NYSE: CM) announced today that it will redeem in full its Floating Rate Subordinated Capital Debentures due 2085 (the "Debentures"). CIBC has given notice to the holders of the Debentures that it will redeem the full US$9,750,000 outstanding principal amount of the Debentures on February 28, 2025 (the "Redemption Date").
The Debentures will be redeemed on the Redemption Date for the aggregate amount of US$10,011,865.50, representing a redemption price of (i) US$1,000 for each US$1,000 principal amount, and (ii) all accrued and unpaid interest to but excluding the Redemption Date.
The information provided here is not subject to any editorial processing. It is prepared fully automatically and enriched with additional information and further research options. The aim of the content is to provide information seekers with the relevant information quickly and easily. A link back to the information provider and owner ensures that the data prepared here can be compared with the source information if required. The newsboard does not show information in real time. Please contact the exchange operator for this information if required. There is no claim to completeness. High availability cannot be guaranteed. If you notice any errors in the functionality, please let us know using the "Report a Bug" form below.
RAW DATA PROCESSING means that raw data is processed without changing the content. The data is supplemented to improve the interpretation of the information in terms of usability.
Note: The newswire cross-link panel at the top allows you to quickly and easily access additional sources of information. In the terminal view, the news is filtered at company level and enables targeted searches.
On behalf of the trading community, we would like to thank the operators of the trading venues for providing information services.