10:05 AM EDT, 06/19/2024 (MT Newswires) -- CIBC on Wednesday noted the seventh and final offering of the CAN 3.0% Jun34s will take place tomorrow at a size of C$5.0 billion (C$4.25mn/dv01). This auction will bring the issue's amount outstanding to C$34.0bn upon settlement, which is in line with the maximum range set out in the F24-25 Debt Management Strategy (DMS). This suggests that a Dec34 maturity will be introduced as a new 10yr building benchmark next month, the bank said.

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