10:21 AM EST - CIBC : Said its Innovation Banking division has provided €12m in debt financing to Phrase, a global cloud-based localisation software provider, headquartered in Prague, that helps brands localize and translate content more efficiently and manage the end-to-end process at scale. Phrase will use the funds to further develop the next generation of AI-driven language technology. CIBC
shares T.CM are trading up $0.05 at $57.79.
