Daily News: November 1, 2012

CIBC Recognized With Infrastructure, Project Finance Awards

CIBC’s wholesale bank has been recognized with three infrastructure and project finance awards: Canadian Project Finance Bank of the Year by Acquisition International Magazine; Best Bank of the Year – Project Finance & Infrastructure – Canada, by DealMakers Monthly Magazine, and; International – Overall PFI/P3 Bank of the Year by ACQ Magazine.

“These awards underscore the confidence that our clients have in us when it comes to advising on and executing complex infrastructure financings” said CIBC’s Cliff Inskip, managing director and head of Infrastructure & Project Finance, Debt Capital Markets. “Meeting our clients’ needs in the infrastructure business is a key priority for us, and these awards recognize our success.”

In addition to advisory roles, CIBC said it has been active in bond underwriting and arranging for the infrastructure sector. CIBC recently jointly led bond offerings for an award winning $2.6 billion hydro generation project in Ontario and a $1.5 billion highway P3 project in Alberta. CIBC was also the first Canadian bank to lead bond offerings for an airport authority, a university, a ferry operator, a port authority and a pooled school board financing corporation.

About the awards – the Acquisition International M&A Awards annually recognize financial, legal and other advisory firms involved in dealmaking. Award winners are selected are selected based on the votes received by industry peers along with the company’s in-house research.

The DealMakers Annual Banking Awards recognize banks in various jurisdictions based on surveys of management professionals at banks, law firms, private equity and financial advisory firms, investment and fund managers, and asset-based lenders.

The ACQ Global Awards recognize the best industry practitioners working across the world based on surveys of its readers who work in the fields of law, accounting, investment banking underwriting, lending, financial and tax advisory and private equity.