Edition:
United Kingdom

CIBC to Issue NVCC Preferred Shares


Wednesday, 10 Jan 2018 

Jan 10 (Reuters) - Canadian Imperial Bank Of Commerce ::CIBC - DEAL WITH UNDERWRITERS LED BY CIBC CAPITAL MARKETS FOR ISSUE OF 16 MILLION BASEL III-COMPLIANT NON-CUMULATIVE RATE RESET CLASS A PREFERRED SHARES.CIBC - TO ISSUE ‍ BASEL III-COMPLIANT NON-CUMULATIVE RATE RESET CLASS A PREFERRED SHARES SERIES 47 AT $25.00/SERIES 47 SHARE TO RAISE $400 MILLION​.CIBC - ‍CIBC WILL MAKE AN APPLICATION TO LIST SERIES 47 SHARES AS OF CLOSING DATE ON TORONTO STOCK EXCHANGE​.