The dominant issuers have all expanded their offerings in the second quarter of the year following a robust first quarter.
In Q2 2024, the Canadian Imperial Bank of Commerce (CIBC) has delivered a steady performance with increased issuance from 528 to 665 new products following a strong first quarter and retained the crown in the league table by issuance, according to the bank’s product disclosure website. The newly-issued products comprised 575 non-principal-protected notes (NPPNs) and 90 principal-protected notes (PPNs), representing a respective climb from 69 and 459 quarter-on-quarter (QoQ). In addition,