By Cristal Cody
Prospect News, Dec. 5 - Royal Bank of Canada (Aa1/AA-/DBRS: AA) sold C$1.5 billion 2.68% five-year senior deposit notes at 99.977 to yield 2.685% on Monday, according to a bond source.
The notes due Dec. 8, 2016 priced at a spread of 134.3 basis points over the Government of Canada benchmark.
RBC Capital Markets Corp. was the bookrunner.
Toronto-based Royal Bank of Canada offers full-service personal and business banking, brokerage and bank-owned mutual fund services.
| Issuer: | Royal Bank of Canada
|
| Amount: | C$1.5 billion
|
| Maturity: | Dec. 8, 2016
|
| Securities: | Senior deposit notes
|
| Bookrunner: | RBC Capital Markets Corp.
|
| Coupon: | 2.68%
|
| Price: | 99.977
|
| Yield: | 2.685%
|
| Spread: | 134.3 bps over Government of Canada benchmark
|
| Pricing date: | Dec. 5
|
| Settlement date: | Dec. 8
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA-
|
| DBRS: AA
|
| Distribution: | Canada
|
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