Chicago, July 7 – Royal Bank of Canada priced $150 million of floating-rate senior notes due July 2023 (Moody’s Canada: Aa1/S&P Canada: A-1+) at par, according to a notice of the final terms.
The interest will be based on SOFR plus 60 basis points, payable quarterly.
Royal Bank of Canada, London Branch is the agent.
The financial services company is based in Toronto.
| Issuer: | Royal Bank of Canada
|
| Amount: | $150 million
|
| Issue: | Floating-rate senior notes
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| Maturity: | July 2023
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| Coupon: | SOFR plus 60 bps
|
| Price: | Par
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| Call features: | Non-callable
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| Trade date: | July 1
|
| Settlement date: | July 11
|
| Ratings: | Moody’s Canada: Aa1
|
| S&P Canada: A-1+
|
| Distribution: | Regulation S
|
| ISIN: | XS2499688039
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