Canadian Imperial Bank of Commerce broke ground with that nation’s first bond sale that will advance gender diversity in the corporate world. The bank on Wednesday sold C$1 billion ($769 million U.S.) of three-year deposit notes, which will support lending to companies committed to promoting women to executive positions. Bond issuers in Canada have become prominent in financing socially or environmentally-friendly causes since 2016. A CIBC bond sale aims to advance gender diversity in the corporate world. Bond issuers in Canada have become prominent in financing socially or environmentally-friendly causes since 2016.

Source: thestar September 13, 2018 18:44 UTC