New Issue-CIBC sells $1.25 bln in 5-yr covered bonds

June 25 (Reuters) - Canadian Imperial Bank of Commerce
Toronto Branch on Friday sold $1.25 billion in five-year
covered bonds in the 144a private placement market, said IFR, a
Thomson Reuters service. The notes are guaranteed by CIBC
Covered Bond Guarantor Ltd Partnership
.

Bank of America Merrill Lynch, CIBC, RBS, HSBC, and JP
Morgan were the joint bookrunning managers for the sale.
BORROWER: CANADIAN IMPERIAL BANK OF COMMERCE TORONTO BRANCH
AMT $1.25 BLN COUPON 2.60 PCT MATURITY 7/2/2016
TYPE COVERED BNDS ISS PRICE 99.921 FIRST PAY 1/2/2011
MOODY'S Aaa YIELD 2.617 PCT SETTLEMENT 7/2/2010
S&P TRIPLE-A SPREAD 73.2 BPS PAY FREQ SEMI-ANNUAL
FITCH TRIPLE-A MORE THAN TREAS NON-CALLABLE