By Jennifer Chiou
New York, June 27 - Royal Bank of Canada priced $5.75 million of floating-rate notes due Dec. 28, 2015, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is Libor, subject to a minimum coupon of 0.75% and a maximum coupon of 4%. Interest is payable quarterly.
The payout at maturity will be par.
RBC Capital Markets, LLC is the underwriter.
| Issuer: | Royal Bank of Canada
|
| Issue: | Floating-rate notes
|
| Amount: | $5.75 million
|
| Maturity: | Dec. 28, 2015
|
| Coupon: | Libor, subject to minimum coupon of 0.75% and maximum coupon of 4%; payable quarterly
|
| Price: | Variable
|
| Payout at maturity: | Par
|
| Pricing date: | June 26
|
| Settlement date: | June 28
|
| Underwriter: | RBC Capital Markets, LLC
|
| Fees: | Underwriter will pay 99.375% to par for notes
|
| Cusip: | 78008SCH7
|
© 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.
