By Cristal Cody
Prospect News, Feb. 3 - The Royal Bank of Canada (Aa1/AA-/DBRS: AA) sold C$700 million in a reopening of its 3.36% deposit notes due Jan. 11, 2016 at 99.607 to yield 3.447% on Thursday, according to a source.
The notes priced at a spread of 79.3 basis points over the Government of Canada benchmark.
RBC Capital Markets Corp. was the manager.
The issue originally was sold on Jan. 1, 2010 at 85.5 bps over the Government of Canada benchmark. The total outstanding is C$2 billion.
| Issuer: | Royal Bank of Canada
|
| Amount: | C$700 million reopening
|
| Maturity: | Jan. 11, 2016
|
| Securities: | Deposit notes
|
| Bookrunner: | RBC Capital Markets Corp.
|
| Coupon: | 3.36%
|
| Price: | 99.607
|
| Yield: | 3.447%
|
| Spread: | 79.3 bps over Government of Canada benchmark
|
| Pricing date: | Feb. 3
|
| Settlement date: | Feb. 8
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA-
|
| DBRS: AA
|
| Distribution: | Canada
|
| Total amount: | C$2 billion, including C$1.3 billion priced previously
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
