CIBC to redeem subordinated indebtedness
TORONTO, Dec. 13 /CNW/ - CIBC (CM: TSX; NYSE) today announced it is redeeming all $250,000,000 of its 4.75% Debentures (subordinated indebtedness) due January 21, 2013 (the "Debentures"). In accordance with their terms, the Debentures will be redeemed at 100% of their principal amount on January 21, 2008. The interest accrued on the Debentures to the redemption date will be paid through CIBC Mellon Trust Company in the usual manner. The redemption will be financed out of the general corporate funds of CIBC. %SEDAR: 00002543EF
For further information:
For further information: John Ferren, Vice-President, Investor Relations, (416) 980-2088 or Mary Lou Frazer, Senior Director, Investor & Financial Communications, (416) 980-4111.