Published on 10/26/2011 in the Prospect News Canadian Bonds Daily and Prospect News Investment Grade Daily.
New Issue: RBC sells $1.25 billion 1.45% three-year notes to yield Treasuries plus 105 bps
By Andrea Heisinger
New York, Oct. 26 - The Royal Bank of Canada sold $1.25 billion of three-year senior notes on Tuesday to yield Treasuries plus 105 basis points, according to an FWP filing with the Securities and Exchange Commission.
The notes (Aa1/AA-/AA) were priced at 99.962 to yield 1.463%. They are non-callable.
Bookrunners were RBC Capital Markets LLC and Goldman Sachs & Co.
Co-managers were ING Financial Markets LLC, nabSecurities, LLC, ANZ Securities, Inc., BB&T Capital Markets, a division of Scott & Stringfellow, LLC, BNY Mellon Capital Markets, LLC, Citigroup Global Markets Inc., Desjardins Securities Inc., Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., Lloyds Securities Inc., National Bank of Canada Financial Inc., Rabo Securities USA, Inc., Santander Investment Securities, Inc., SG Americas Securities, LLC, UBS Securities LLC and Wells Fargo Securities, LLC.
The financial services company is based in Toronto.
| Issuer: | Royal Bank of Canada
|
| Issue: | Senior notes
|
| Amount: | $1.25 billion
|
| Maturity: | Oct. 30, 2014
|
| Bookrunners: | RBC Capital Markets LLC, Goldman Sachs & Co.
|
| Co-managers: | ING Financial Markets LLC, nabSecurities, LLC, ANZ Securities, Inc., BB&T Capital Markets, a division of Scott & Stringfellow, LLC, BNY Mellon Capital Markets, LLC, Citigroup Global Markets Inc., Desjardins Securities Inc., Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., Lloyds Securities Inc., National Bank of Canada Financial Inc., Rabo Securities USA, Inc., Santander Investment Securities, Inc., SG Americas Securities, LLC, UBS Securities LLC, Wells Fargo Securities, LLC
|
| Coupon: | 1.45%
|
| Price: | 99.962
|
| Yield: | 1.463%
|
| Spread: | Treasuries plus 105 bps
|
| Call: | Non-callable
|
| Trade date: | Oct. 25
|
| Settlement date: | Oct. 31
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA-
|
| Fitch: AA
|
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