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Sterling proves competitive for CIBC £500m Sonia debut

Posted on 21 October 2019


Canadian Imperial Bank of Commerce (CIBC) attracted over £1bn of demand for its first Sonia-linked sterling benchmark today, a £500m three year FRN that satisfied “pent-up” demand for non-UK Sonia issuance and capitalised on a move in basis swaps in favour of sterling...

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