10:40 AM EDT, 06/06/2025 (MT Newswires) -- CIBC (CM.TO) on Friday said it intends to redeem all $1billion of its 2.01% debentures due July 21, 2030 (Non-Viability Contingent Capital (NVCC).

The debentures will be redeemed at 100% of their principal amount on July 21, 2025, together with accrued and unpaid interest up to but excluding the redemption date.

The redemption will be financed out of CIBC's general corporate funds.

CIBC was last seen up $0.44, to $94.32, on the Toronto Stock Exchange.

Price: 94.36, Change: +0.46, Percent Change: +0.49