TSX:CMBanks
How CIBC’s New Callable Note Issuance Spree At Canadian Imperial Bank of Commerce (TSX:CM) Has Changed Its Investment Story
In late December 2025 and early January 2026, Canadian Imperial Bank of Commerce issued and announced multiple fixed-rate, callable senior and junior unsecured notes, including new Eurobond and Global MTN offerings maturing between 2029 and 2038 at par with small issuance discounts.
This concentrated funding activity signals a recalibration of the bank’s capital structure and wholesale funding mix, with implications for interest expense, balance-sheet flexibility, and how fixed-income and...