CIBC Completes Electronic $500M Debenture Offering

On September 14, 2004, Canadian Imperial Bank of Commerce completed the offering of $500 million principal amount of 4.50 per cent debentures due October 15, 2014 in all Canadian jurisdictions. The offering was notable in that all prospectuses were delivered to purchasers by the dealers in electronic form.

CIBC was represented by Ernest McNee, Chris Van Loan and Walied Soliman of Blake, Cassels & Graydon LLP.

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