TORONTO, June 5, 2025
/CNW/ - CIBC (TSX: CM) (NYSE: CM) today announced its intention to
redeem all $1.0 billion of its 2.01%
Debentures due July 21, 2030
(Non-Viability Contingent Capital (NVCC)) (subordinated
indebtedness) (the "Debentures"). In accordance with their terms,
the Debentures will be redeemed at 100% of their principal amount
on July 21, 2025, together with
accrued and unpaid interest up to but excluding the redemption
date. Interest on the Debentures will cease to accrue from and
after the redemption date.
The redemption will be financed out of the general corporate
funds of CIBC. Notice will be delivered to registered holders of
the Debentures in accordance with the terms outlined in the
prospectus supplement for the Debentures.
About CIBC
CIBC is a leading North American financial institution with 14
million personal banking, business, public sector and institutional
clients. Across Personal and Business Banking, Commercial Banking
and Wealth Management, and Capital Markets businesses, CIBC offers
a full range of advice, solutions and services through its leading
digital banking network, and locations across Canada, in the
United States and around the world. Ongoing news releases
and more information about CIBC can be found at
www.cibc.com/ca/media-centre.
SOURCE CIBC - Investor Relations