CIBC Completes $750M Debenture Offering

On May 6, 2004, CIBC completed the offering of $750 million 4.25 per cent debentures due June 1, 2014 in all Canadian jurisdictions, its largest offering of subordinated indebtedness.
The issuer was represented in-house by Eddy Mezzetta, counsel, and by Blake, Cassels & Graydon, with a team that included Ernest McNee and Mark Rushton.

The dealer syndicate, which was led by CIBC World Markets Inc. with Scotia Capital Inc., BMO Nesbitt Burns Inc., TD Securities Inc., RBC Dominion Securities Inc., National Bank Financial Inc., Merrill Lynch Canada Inc., HSBC Securities (Canada) Inc., Trilon Securities Corp., Desjardins Securities Inc. and Laurentian Bank Securities Inc., was represented by Philip Henderson and Greg Hogan of Stikeman Elliott.