CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ (CM) Form 6-K — Jul 13, 2026
Canadian Imperial Bank of Commerce has priced an offering of US$500,000,000 aggregate principal amount of its 6.750% Fixed Rate Reset Limited Recourse Capital Notes Series 10. The notes are subordinated indebtedness structured as Non-Viability Contingent Capital (NVCC) with a maturity date of January 28, 2087. The offering was priced at 100.000% of par value with an underwriting commission of 1.000%, yielding net proceeds of approximately US$495,000,000 to the Bank. The notes were issued under a shelf registration statement on Form F-3 and are expected to qualify as Additional Tier 1 capital for regulatory purposes.
Key figures
- Debt Amount
- 500000000
- Interest Rate
- 6.750%
- Maturity Date
- 2087-01-28
- Gross Proceeds
- 500000000
- Net Proceeds
- 495000000
- Settlement Date
- 2026-07-13
- Underwriting Commission
- 1.000%
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