| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers R > Headlines for Royal Bank of Canada > News item |
RBC to price redeemable step-up notes due 2027 with 2.75% initial rate
By Susanna Moon
Chicago, Sept. 18 - Royal Bank of Canada plans to price redeemable step-up notes due Sept. 28, 2027, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will be 2.75% for the first year, stepping up to 3% for years two through six, to 3.5% for years seven through 11 and to 5% for years 12 through 15. Interest will be payable semiannually.
The payout at maturity will be par.
The notes will be callable at par on March 28, 2013, Sept. 28, 2013, Sept. 28, 2018 and Sept. 28, 2023.
RBC Capital Markets, LLC is the agent.
The notes will settle on Sept. 28.
The Cusip number is 78008SFB7.
© 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.