New Issue: Royal Bank of Canada sells $900 million two-year floaters at Libor plus 30 bps

By Cristal Cody

Tupelo, Miss., July 23 – Royal Bank of Canada sold $900 million of two-year floating-rate notes (Aa2/AA-/AA) on Monday at par to yield Libor plus 30 basis points, according to an FWP filing with the Securities and Exchange Commission.

RBC Capital Markets, LLC was the bookrunner.

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

Issuer:	Royal Bank of Canada
Amount:	$900 million
Maturity:	July 22, 2020
Description:	Series G senior floating-rate notes
Bookrunner:	RBC Capital Markets, LLC
Co-managers:	Academy Securities, Inc., Drexel Hamilton, LLC, R. Seelaus & Co., Inc., Samuel A. Ramirez & Co., Inc. and Williams Capital Group, LP
Coupon:	Libor plus 30 bps
Price:	Par
Yield:	Libor plus 30 bps
Call feature:	None
Pricing date:	July 23
Settlement date:	July 25
Ratings:	Moody’s: Aa2
	S&P: AA-
	Fitch: AA
Distribution:	SEC registered

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