July 27 (Reuters) - Canadian Imperial Bank of Commerce's
Toronto Branch on Tuesday sold $1.0 billion of covered bonds in
a reopening of an existing three- and five-year note issue in
the 144a private placement market, said IFR, a Thomson Reuters
service.
Bank of America Merrill Lynch, CIBC, HSBC and RBS were the joint bookrunning managers for the sale.
BORROWER: CIBC TORONTO BRANCH
TRANCHE 1 AMT $400 MLN COUPON 2.00 PCT MATURITY 2/4/2013 TYPE NTS ISS PRICE 101.786 FIRST PAY N/A MOODY'S Aaa YIELD 1.275 PCT SETTLEMENT 7/30/2010 S&P TRIPLE-A SPREAD 27 BPS PAY FREQ SEMI-ANNUAL FITCH TRIPLE-A MORE THAN TREAS NON-CALLABLE
TRANCHE 2 AMT $600 MLN COUPON 2.60 PCT MATURITY 7/2/2015 TYPE NTS ISS PRICE 101.164 FIRST PAY 1/2/2011 MOODY'S Aaa YIELD 1.788 PCT SETTLEMENT 7/30/2010 S&P TRIPLE-A SPREAD 56 BPS PAY FREQ SEMI-ANNUAL FITCH TRIPLE-A MORE THAN TREAS NON-CALLABLE
Keywords: CIBCTORONTOBRANCH DEBT/NOTES (New Issue by Thomson Reuters; +1-646-223-6886; e-mail: uscorpbonds@reuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Bank of America Merrill Lynch, CIBC, HSBC and RBS were the joint bookrunning managers for the sale.
BORROWER: CIBC TORONTO BRANCH
TRANCHE 1 AMT $400 MLN COUPON 2.00 PCT MATURITY 2/4/2013 TYPE NTS ISS PRICE 101.786 FIRST PAY N/A MOODY'S Aaa YIELD 1.275 PCT SETTLEMENT 7/30/2010 S&P TRIPLE-A SPREAD 27 BPS PAY FREQ SEMI-ANNUAL FITCH TRIPLE-A MORE THAN TREAS NON-CALLABLE
TRANCHE 2 AMT $600 MLN COUPON 2.60 PCT MATURITY 7/2/2015 TYPE NTS ISS PRICE 101.164 FIRST PAY 1/2/2011 MOODY'S Aaa YIELD 1.788 PCT SETTLEMENT 7/30/2010 S&P TRIPLE-A SPREAD 56 BPS PAY FREQ SEMI-ANNUAL FITCH TRIPLE-A MORE THAN TREAS NON-CALLABLE
Keywords: CIBCTORONTOBRANCH DEBT/NOTES (New Issue by Thomson Reuters; +1-646-223-6886; e-mail: uscorpbonds@reuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.