New Issue: RBC sells $1.75 billion of notes in fixed-, floating-rate tranches

By Aleesia Forni

New York, April 11 – Royal Bank of Canada priced $1.75 billion of three-year senior notes (Aa3/AA-/AA) in fixed- and floating-rate tranches on Monday, according to two separate FWP filings with the Securities and Exchange Commission.

There was $1.35 billion of 1.625% notes priced at 99.945 to yield 1.644%, or Treasuries plus 82 basis points.

A $400 million three-year floater sold at par to yield Libor plus 71 bps.

Bookrunners were RBC Capital Markets, LLC, J.P. Morgan Securities LLC and BofA Merrill Lynch.

Royal Bank of Canada is a Toronto-based financial services company.

Issuer:	Royal Bank of Canada
Issue:	Senior medium-term notes, series G
Amount:	$1.75 billion
Bookrunners:	RBC Capital Markets, LLC, J.P. Morgan Securities LLC, BofA Merrill Lynch
Co-managers:	nabSecurities, LLC, ANZ Securities, Inc., Capital One Securities, Inc., Santander Investment Securities Inc., Standard Chartered Bank, U.S. Bancorp Investments, Inc.
Trade date:	April 11
Settlement date:	April 15
Ratings:	Moody’s: Aa3
	Standard & Poor’s: AA-
	Fitch: AA
Distribution:	SEC registered
Three-year notes
Amount:	$1.35 billion
Maturity:	April 15, 2019
Coupon:	1.625%
Price:	99.945
Yield:	1.644%
Spread:	Treasuries plus 82 bps
Three-year floaters
Amount:	$400 million
Maturity:	April 15, 2019
Coupon:	Libor plus 71 bps
Price:	Par
Yield:	Libor plus 71 bps

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