Canadian Imperial Bank of Commerce (CM,CM.TO) said it intends to redeem all C$500.0 million of its 4.50% Debentures due October 15, 2014.
In accordance with the terms, the Debentures will be redeemed at 100% of their principal amount on October 15, 2009.
The interest accrued on the Debentures to the redemption date will be paid through CIBC Mellon Trust Company. The redemption will be financed out of the general corporate funds of CIBC.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.