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DBRS gives RBC bonds AAA
DBRS said it rated the Royal Bank of Canada’s series CB69 and series CB70 covered bonds issued under its global covered bond program AAA.
Series CB69 for €150 million has a coupon rate of 1.296% and a maturity date of March 24, 2037. Series CB70 for $1.5 billion has a coupon rate of 2.6% and a maturity date of March 24, 2027.
All bonds sold under the program rank pari passu with each other and are rated AAA by DBRS, the agency said.
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