CIBC to issue $1 bln of 5-year notes - IFR

Mon Dec 6, 2010 2:36pm EST

Dec 6 (Reuters) - Canada's No. 5 bank, Canadian Imperial Bank of Commerce (CM.TO), is planning to issue five-year notes worth $1 billion, IFR reported.

Early guidance was for the bonds to be priced at a yield spread in the range of 85-87 basis points over comparable treasuries, IFR, a Thomson Reuters service said. (Reporting by Santosh Nadgir in Bangalore)

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