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CIBC Shares Surge: $1B Debenture Redemption Boosts Stock!
Friday, Jun 6, 2025 7:26 pm ET1min read
Canadian Imperial Bank Of Commerce rose 1.70% in after-hours trading, with the company announcing its intention to redeem all $1.0 billion of its 2.01% Debentures due July 21, 2030. The redemption will be financed out of the general corporate funds of CIBC, which may indicate a positive outlook for the company's financial health.
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