By Aleesia Forni
Virginia Beach, Feb. 4 – Royal Bank of Canada sold an upsized $1.75 billion issue of floating-rate notes (Aa3/AA-/AA) due 2017 at par to yield Libor plus 26 basis points on Wednesday, according to an informed source.
Pricing was in line with talk.
RBC Capital Markets LLC was the bookrunner.
Royal Bank of Canada is a financial services company based in Toronto.
| Issuer: | Royal Bank of Canada
|
| Amount: | $1.75 billion
|
| Description: | Notes
|
| Maturity: | Feb. 3, 2017
|
| Bookrunner: | RBC Capital Markets LLC
|
| Coupon: | Libor plus 26 bps
|
| Price: | Par
|
| Yield: | Libor plus 26 bps
|
| Trade date: | Feb. 4
|
| Ratings: | Moody’s: Aa3
|
| Standard & Poor’s: AA-
|
| Fitch: AA
|
| Distribution: | SEC registered
|
| Price talk: | Libor plus 26 bps area
|
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