New Issue: Royal Bank of Canada prices $2 billion of notes in two tranches

By Cristal Cody

Tupelo, Miss., Sept. 4 - Royal Bank of Canada raised $2 billion in two tranches of series F fixed-rate and floating-rate senior medium-term notes (Aa3/AA-/AA) on Wednesday, according to FWP filings with the Securities and Exchange Commission.

RBC sold $1.2 billion of three-year floating-rate notes at par to yield Libor plus 46 basis points.

The $800 million tranche of 1.45% three-year fixed-rate notes priced at 99.877 to yield 1.492%, or a spread of Treasuries plus 63 bps.

RBC Capital Markets, LLC and J.P. Morgan Securities LLC were the bookrunners.

The financial services company is based in Toronto.

Issuer:	Royal Bank of Canada
Amount:	$2 billion
Securities:	Fixed-rate and floating-rate senior medium-term notes
Bookrunners:	RBC Capital Markets, LLC, J.P. Morgan Securities LLC
Co-managers:	ING Financial Markets LLC; ANZ Securities, Inc.; Barclays; Capital One Securities, Inc.; Credit Agricole Securities (USA) Inc.; Deutsche Bank Securities; NabSecurities, LLC; Seton Securities Group, Inc.; SG Americas Securities, LLC; Sun Trust Robinson Humphrey, Inc.; UBS Securities LLC; Wells Fargo Securities LLC, Williams Capital Group LP
Pricing date:	Sept. 4
Settlement date:	Sept. 11
Ratings:	Moody's: Aa3
	Standard & Poor's: AA-
	Fitch: AA
Floating-rate notes
Amount:	$1.2 billion
Maturity:	Sept. 9, 2016
Coupon:	46 bps over Libor
Price:	Par
Yield:	46 bps over Libor
Fixed-rate notes
Amount:	$800 million
Maturity:	Sept. 9, 2016
Coupon:	1.45%
Price:	99.877
Yield:	1.492%
Spread:	63 bps plus Treasuries

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