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DBRS rates RBC bonds AAA
DBRS said it gave AAA ratings to two series of Royal Bank of Canada covered bonds sold under its global covered bond program.
The ratings apply to series CB77 for A$500 million with a coupon of three-month bank bill swap rate + 1.05% due July 13, 2027 and CB78 for A$800 million with a coupon of 4.5% due July 13, 2027.
DBRS said it rates all covered bonds sold under the program at AAA.
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