By Cristal Cody
Prospect News, July 21 - Royal Bank of Canada (Aa1/AA-/DBRS: AA) priced an upsized C$1.25 billion of 3.03% five-year senior deposit notes at 99.959 to yield 3.039% on Thursday, an informed bond source said.
The notes due July 26, 2016 priced at a spread of 77.9 basis points over the Canadian government benchmark.
The deal was upsized from C$750 million.
RBC Capital Markets Corp. was the bookrunner.
The investment bank is based in Toronto.
| Issuer: | Royal Bank of Canada
|
| Amount: | C$1.25 billion, increased from C$750 million
|
| Maturity: | July 26, 2016
|
| Securities: | Senior deposit notes
|
| Bookrunner: | RBC Capital Markets Corp.
|
| Coupon: | 3.03%
|
| Price: | 99.959
|
| Yield: | 3.039%
|
| Spread: | 77.9 bps over Canadian government benchmark
|
| Pricing date: | July 21
|
| Settlement date: | July 26
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA-
|
| DBRS: AA
|
| Distribution: | Canada
|
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