By Wendy Van Sickle
Columbus, Ohio, June 13 – Royal Bank of Canada priced $3 million of SOFR ICE swap rate floating-rate notes due June 21, 2032, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be equal to the five-year U.S. dollar SOFR ICE swap rate plus 125 basis points, subject to a floor of 1% per annum. Interest is payable quarterly.
The payout at maturity will be par plus the final coupon.
RBC Capital Markets, LLC is the agent.
Issuer: | Royal Bank of Canada
|
Issue: | SOFR ICE swap rate floating-rate notes
|
Underlying rate: | Five-year U.S. dollar SOFR ICE swap rate
|
Amount: | $3 million
|
Maturity: | June 21, 2032
|
Coupon: | Five-year U.S. dollar SOFR ICE swap rate plus 125 bps, subject to minimum coupon of 1% per annum; payable quarterly
|
Price: | Par
|
Payout at maturity: | Par plus final coupon
|
Pricing date: | June 16
|
Settlement date: | June 21
|
Agent: | RBC Capital Markets, LLC
|
Fees: | 1.4%
|
Cusip: | 78014RFB1
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.