Expanded European CDR lineup provides more
opportunities for Canadians to invest in global companies
TORONTO, Feb. 19,
2025 /CNW/ - Today CIBC announced six new European
Canadian Depositary Receipts ("CDRs"), now listed on Cboe Canada.
Introduced to investors over three years ago, CIBC has a total of
86 CDRs, spanning four countries, available in market.
CDRs make it easy to invest in many of the world's largest
companies – in Canadian dollars. Offered at a fraction of the price
per share of the underlying reference share, and with a built-in
notional currency hedge, CDRs provide investors with affordable
access to global stocks while mitigating the currency risk
associated with global investing.
CIBC's newest European CDRs are based on well-known Dutch and
Swiss companies. The six new CDRs are listed below with
corresponding Cboe Canada ticker symbols:
- ASML CDR (CAD Hedged) – ASML
- ING CDR (CAD Hedged) – INGS
- Roche CDR (CAD Hedged) – ROG
- Nestlé CDR (CAD Hedged) – NSTL
- Novartis CDR (CAD Hedged) – NVS
- UBS CDR (CAD Hedged) – UBSS
These six will add to the existing lineup of CDRs which are
currently available for trading.
The Prospectus Supplement for these latest Series of CDRs has
been filed on SEDAR+ at www.sedarplus.ca. For more information
about CDRs, please visit https://cdr.cibc.com.
About CIBC
CIBC is a leading North American financial institution with 14
million personal banking, business, public sector and institutional
clients. Across Personal and Business Banking, Commercial Banking
and Wealth Management, and Capital Markets, CIBC offers a full
range of advice, solutions and services through its leading digital
banking network, and locations across Canada, in the
United States and around the world. Ongoing news releases
and more information about CIBC can be found at
www.cibc.com/ca/media-centre.
SOURCE CIBC
