Financial Insights That Matter
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:
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ASML CDR (CAD Hedged) – ASML
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ING CDR (CAD Hedged) – INGS
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Roche CDR (CAD Hedged) – ROG
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Nestlé CDR (CAD Hedged) – NSTL
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Novartis CDR (CAD Hedged) – NVS
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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 Canadain 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
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