Date Closed

March 13, 2009

Lead Office

Toronto

Value

1.60 Billion CAD

On March 13, 2009, CIBC Capital Trust, through CIBC, issued C$1.6 billion of debt securities. It was the first innovative tier-one capital offering by CIBC. The offering was underwritten by a syndicate of underwriters, led by CIBC World Markets Inc., that included TD Securities Inc., BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., Scotia Capital Inc., National Bank Financial Inc., HSBC Securities (Canada) Inc., Desjardins Securities Inc., Laurentian Bank Securities Inc. and Merrill Lynch Canada Inc.


The underwriters were represented by Barry Ryan, David Judson (securities) and Gabrielle Richards and James Morand (tax) of McCarthy Tétrault LLP.