CARDS II Trust Completes Notes Offering

On October 14, 2004, CARDS II Trust completed an issue of $1.392 billion of asset-backed notes. This was the first public offering for CARDS II Trust. CARDS II Trust is a special purpose securitization vehicle that issues asset-backed notes to the public to finance the purchase of credit card receivables originated by CIBC.
The offering was made through a syndicate of underwriters led by CIBC World Markets Inc., and included RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., Scotia Capital Inc., TD Securities Inc., National Bank Financial Inc., Desjardins Securities Inc., HSBC Securities (Canada) Inc., Laurentian Bank Securities Inc. and Trilon Securities Corp.
CIBC was represented by Frank Vivacqua, senior counsel.
The underwriters were represented by Stikeman Elliott LLP with a team that included Michael Rumball, Maurice Swan and Tasha Goh (corporate) and David Glicksman (tax).
CIBC and CARDS II Trust were represented by McCarthy Tétrault LLP with a team that included Gordon Thompson, François Gilbert, Dean Masse, Michael McConnell, Bernadette Saumur and Lynn Parsons (corporate) and Gabrielle Richards (tax).


Lynn Parsons David W. Glicksman Michael K. McConnell Bernadette Saumur Dean C. Masse Maurice J. Swan Tasha Goh François M. Gilbert F. Gordon Thompson