trending Market Intelligence /marketintelligence/en/news-insights/trending/L3KyUNorXEYAwvk1CnJqZA2 content esgSubNav
In This List

CIBC upsizes preferred shares offering to C$325M

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Podcast

Street Talk | Episode 99 - Higher rates punish bond portfolios, weigh on bank M&A

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch


CIBC upsizes preferred shares offering to C$325M

Toronto-based Canadian Imperial Bank of Commerce increased the size of its public offering of Basel III-compliant noncumulative rate reset class A preferred shares, series 49, to 13 million shares.

The gross proceeds from the offering will now be C$325 million, and the net proceeds will be used for general corporate purposes.

A syndicate led by CIBC Capital Markets will be the underwriter for the offering, which is expected to close Jan. 22.