By Cristal Cody
Prospect News, Sept. 18 - Royal Bank of Canada (Aa3/AA-/DBRS: AA) sold C$1.75 billion of 2.364% five-year deposit notes on Tuesday at par, according to a bond source.
The notes priced at a spread of 94.4 basis points over the Government of Canada benchmark.
RBC Capital Markets Corp. was the bookrunner.
Toronto-based Royal Bank of Canada is a financial services company.
| Issuer: | Royal Bank of Canada
|
| Amount: | C$1.75 billion
|
| Maturity: | Sept. 21, 2017
|
| Securities: | Deposit notes
|
| Bookrunner: | RBC Capital Markets Corp.
|
| Coupon: | 2.364%
|
| Price: | Par
|
| Yield: | 2.364%
|
| Spread: | 94.4 bps over Government of Canada benchmark
|
| Pricing date: | Sept. 18
|
| Settlement date: | Sept. 21
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA-
|
| DBRS: AA
|
| Distribution: | Canada
|
© 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.
