CIBC Subordinated Indebtedness Offering

On June, 3 2008, Canadian Imperial Bank of Commerce completed the qualification of a $3 billion medium term note program to be offered pursuant to CIBC's base shelf prospectus dated December 19, 2007. On June 6, 2008, CIBC accessed the program, completing a $1.15 billion offering of subordinated indebtedness. The offering was composed of two tranches: 550 million of 5.15 per cent medium term notes due June 6, 2018, and $600 million of 6.00 per cent medium term notes due June 6, 2023.

Ernest McNee, Andrew Gordon and Kym Zelinski of Blake, Cassels & Graydon LLP worked with CIBC in-house counsel, Eddy Mezzetta, on behalf of CIBC.

Philip J. Henderson, Robert Assal and Stephen Johnson of Stikeman Elliott LLP acted for the dealer syndicate led by CIBC World Markets Inc. with RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., Merrill Lynch Canada Inc., Brookfield Financial Corp., HSBC Securities (Canada) Inc., Desjardins Securities Inc., J.P. Morgan Securities Canada Inc. and Laurentian Bank Securities Inc.


Eddy Mezzetta Stephen A. Johnson Ernest McNee Kym Zelinski Andrew Gordon Philip J. Henderson