By Cristal Cody
Tupelo, Miss., Dec. 4 – Royal Bank of Canada sold C$1.5 billion of 2.35% five-year deposit notes at 99.981 to yield 2.342% on Thursday, according to a market source.
The notes due Dec. 9, 2019 (Aa3/AA-/DBRS: AA) priced with a spread of 91.8 basis points over the Government of Canada benchmark.
RBC Dominion Securities Inc. was the bookrunner.
The financial services company is based in Toronto.
| Issuer: | Royal Bank of Canada
|
| Amount: | C$1.5 billion
|
| Maturity: | Dec. 9, 2019
|
| Securities: | Deposit notes
|
| Bookrunner: | RBC Dominion Securities Inc.
|
| Coupon: | 2.35%
|
| Price: | 99.981
|
| Yield: | 2.342%
|
| Spread: | 91.8 bps over Government of Canada benchmark
|
| Pricing date: | Dec. 4
|
| Settlement date: | Dec. 9
|
| Ratings: | Moody’s: Aa3
|
| Standard & Poor’s: AA-
|
| DBRS: AA
|
| Distribution: | Canada
|
|
|
© 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.
