CIBC completes domestic public offering of $450 million of 5.898% NVCC AT1 Limited Recourse Capital Notes

On September 29, 2025, CIBC completed a domestic public offering of $450 million of 5.898% NVCC AT1 Limited Recourse Capital Notes (the “LRCNs”). The LRCNs were sold to certain institutional investors through a dealer syndicate led by CIBC Capital Markets.

McCarthy Tétrault advised the syndicate of dealers with a team led by Andrew Parker and Jo-Anna Brimmer that included Dan Schechner, Kabir Jamal, Len Nesbitt (Tax) and Somaya Amiri (Articling Student).