January 10, 2018 / 2:19 PM / a year ago

BRIEF-CIBC to Issue NVCC Preferred Shares

Jan 10 (Reuters) - Canadian Imperial Bank Of Commerce :

* CIBC - DEAL WITH UNDERWRITERS LED BY CIBC CAPITAL MARKETS FOR ISSUE OF 16 MILLION BASEL III-COMPLIANT NON-CUMULATIVE RATE RESET CLASS A PREFERRED SHARES

* CIBC - TO ISSUE ‍ BASEL III-COMPLIANT NON-CUMULATIVE RATE RESET CLASS A PREFERRED SHARES SERIES 47 AT $25.00/SERIES 47 SHARE TO RAISE $400 MILLION​

* CIBC - ‍CIBC WILL MAKE AN APPLICATION TO LIST SERIES 47 SHARES AS OF CLOSING DATE ON TORONTO STOCK EXCHANGE​ Source text for Eikon: Further company coverage:

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