Amid a robust quarter for the overall market, CIBC has come up on top by issuance, replacing BMO Capital Markets (BMO).

In Q1 2024, Canadian Imperial Bank of Commerce (CIBC) was the most active issuer in the market with 528 structured notes issued comprising 459 non-principal-protected notes (NPPNs) and 69 principal-protected notes (PPNs). Year-over-year (YoY), the issuance saw a 50% jump from 351 structured notes - 301 NPPNs and 50 PPNs, according to the bank. In addition, CIBC issued 105 market-linked guaranteed investment certificates (MLGICs), also up compared to the 94 MLGICS marketed in the prior-year quar

Continue reading and get unlimited access for 7 days with a free trial of SRP.

Get a free trial

Already a subscriber? Login