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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.