By Andrea Heisinger
New York, Jan. 9 - Royal Bank of Canada gave terms of its $1.25 billion sale of 1.5% five-year senior global medium-term notes (Aa3/AA-/AA) priced to yield Treasuries plus 72 basis points, according to a 424B2 filing with the Securities and Exchange Commission.
The notes were sold at the tight end of talk that was in the 75 bps area.
Pricing was at 99.875. There is no call option.
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: | Senior global medium-term notes
|
| Amount: | $1.25 billion
|
| Maturity: | Jan. 16, 2018
|
| Bookrunners: | RBC Capital Markets LLC, J.P. Morgan Securities LLC
|
| Coupon: | 1.5%
|
| Price: | 99.875
|
| Spread: | Treasuries plus 72 bps
|
| Call: | Non-callable
|
| Trade date: | Jan. 7
|
| Settlement date: | Jan. 14
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA-
|
| Fitch: AA
|
| Price talk: | 75 bps area
|
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