By Cristal Cody
Eureka Springs, Ark., Jan. 25 – Royal Bank of Canada priced $1.75 billion of five-year series G senior medium-term fixed- and floating-rate notes (Aa3/AA-/AA) on Wednesday, according to a market source and FWP filings with the Securities and Exchange Commission.
The bank sold $500 million of five-year notes at par to yield Libor plus 73 basis points.
Royal Bank of Canada also priced $1.25 billion of 2.75% five-year fixed-rate notes at 99.977 to yield 2.755%, or Treasuries plus 78 bps.
RBC Capital Markets, LLC, Credit Suisse Securities (USA) LLC and Goldman Sachs & Co. were the bookrunners. And nabSecurities, LLC is a joint lead manager.
Royal Bank of Canada is a Toronto-based financial services company.
| Issuer: | Royal Bank of Canada
|
| Amount: | $1.75 billion
|
| Description: | Senior medium-term fixed- and floating-rate notes
|
| Bookrunners: | RBC Capital Markets, LLC, Credit Suisse Securities (USA) LLC, Goldman Sachs & Co.
|
| Joint lead manager: | nabSecurities, LLC
|
| Call feature: | None
|
| Trade date: | Jan. 25
|
| Settlement date: | Jan. 31
|
| Ratings: | Moody’s: Aa3
|
| S&P: AA-
|
| Fitch: AA
|
| Distribution: | SEC registered
|
|
|
| Five-year floaters
|
| Amount: | $500 million
|
| Maturity: | Feb. 1, 2022
|
| Coupon: | Libor plus 73 bps
|
| Price: | Par
|
| Yield: | Libor plus 73 bps
|
|
|
| Five-year notes
|
| Amount: | $1.25 billion
|
| Maturity: | Feb. 1, 2022
|
| Coupon: | 2.75%
|
| Price: | 99.977
|
| Yield: | 2.755%
|
| Spread: | Treasuries plus 78 bps
|
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