By Andrea Heisinger
New York, Jan. 7 - Royal Bank of Canada priced $1.25 billion of five-year notes (Aa3/AA-/AA) on Monday to yield Treasuries plus 72 basis points, a market source said.
The notes were sold at the tight end of talk in the 75 bps area.
Full terms of the trade were unavailable at press time.
Bookrunners were RBC Capital Markets LLC and J.P. Morgan Securities LLC.
The financial services company is based in Toronto.
Issuer: | Royal Bank of Canada
|
Issue: | Notes
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Amount: | $1.25 billion
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Maturity: | 2018
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Bookrunners: | RBC Capital Markets LLC, J.P. Morgan Securities LLC
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Spread: | Treasuries plus 72 bps
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Trade date: | Jan. 7
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Ratings: | Moody's: Aa3
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| Standard & Poor's: AA-
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| Fitch: AA
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Price talk: | 75 bps area
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