08:13 AM EST, 01/27/2025 (MT Newswires) -- CIBC (CM.TO, CM) on Monday announced the expansion of its Canadian Depositary Receipts platform with the addition of five new 'European CDRs', to be listed on Cboe Canada and available for trading on January 31, 2025, subject to final approval by the Exchange.

A statement noted CIBC's first European CDRs are based on well known German companies, with more planned for the future. Five new CDRs are listed with the Cboe Canada ticker symbols: Allianz CDR (CAD Hedged), ALZ; and BMW CDR (CAD Hedged), BMW; and Mercedes-Benz CDR (CAD Hedged), BENZ; and SAP CDR (CAD Hedged), SAPS; and Siemens CDR (CAD Hedged), SMNS.

Introduced to investors over three years ago, CIBC will now have a total of 70 CDRs listed in Canada, Monday's statement added.