Canadian Imperial Bank of Commerce (CIBC) has raised a total of $1.02 billion in a note sale, Reuters reports. The Canadian bank sold the bonds in a reopening of an existing five-year senior deposit note issue. The notes, which carry a coupon rate of 3.45, will mature on Jan. 14, 2016. The total outstanding amount of the company is $2.04 billion. The investment dealer arm of CIBC was the lead manager on the sale.
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