By Cristal Cody
Prospect News, Jan. 7 - The Royal Bank of Canada sold an upsized C$450 million of floating-rate senior deposit notes due Jan. 21, 2014 at par on Friday, a source said.
The notes (Aa1/AA-/DBRS: AA) were sold a spread of 33 basis points over the three-month Canadian Dealer Offered Rate. The deal was upsized from C$300 million.
RBC Capital Markets Corp. was the manager.
The financial services company is based in Toronto.
| Issuer: | Royal Bank of Canada
|
| Amount: | C$450 million, increased from C$300 million
|
| Maturity: | Jan. 21, 2014
|
| Securities: | Floating-rate senior deposit notes
|
| Bookrunner: | RBC Capital Markets Corp.
|
| Coupon: | Three-month CDOR plus 33 bps
|
| Price: | Par
|
| Yield: | Three-month CDOR plus 33 bps
|
| Pricing date: | Jan. 7
|
| Settlement date: | Jan. 21
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA-
|
| DBRS: AA
|
| Distribution: | Canada
|
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