Date Closed

February 13, 2012

Lead Office

Toronto

Value

200.00 Million CHF

On February 13, 2012, pursuant to a €10 Billion Global Public Sector Covered Bond Programme, Canadian Imperial Bank of Commerce (“CIBC”) completed an offering in Switzerland of series CB14 1.00% Swiss franc denominated covered bonds due February 13, 2019 in an aggregate amount of CHF 200 million.  The Covered Bonds trade on the SIX Swiss Exchange and are irrevocably and unconditionally guaranteed as to timely payment of principal and interest by CIBC Covered Bond Guarantor Limited Partnership. CIBC World Markets plc, The Royal Bank of Scotland plc, Edinburgh, Zurich Branch and UBS AG acted as joint lead managers.

CIBC, headquartered in Toronto, Ontario, is one of Canada's chartered banks, fifth largest by deposits.

McCarthy Tétrault LLP represented CIBC, with a team led by Marc MacMullin.