By Devika Patel
Knoxville, Tenn., Jan. 22 – Royal Bank of Canada priced $600 million of two-year senior floating-rate notes (A2/A/AA) on Tuesday, according to an FWP filed with the Securities and Exchange Commission.
The floating-rate notes priced at par with a coupon of Libor plus 40 basis points.
RBC Capital Markets LLC was the bookrunner.
Royal Bank of Canada is a Toronto-based financial services company.
| Issuer: | Royal Bank of Canada
|
| Description: | Senior floating-rate notes
|
| Amount: | $600 million
|
| Maturity: | Jan. 25, 2021
|
| Bookrunner: | RBC Capital Markets LLC
|
| Co-managers: | Academy Securities, Inc. and Samuel A. Ramirez & Co. Inc.
|
| Coupon: | Libor plus 40 bps
|
| Price: | Par
|
| Yield: | Libor plus 40 bps
|
| Trade date: | Jan. 22
|
| Settlement date: | Jan. 25
|
| Ratings: | Moody’s: A2
|
| S&P: A
|
| Fitch: AA
|
| Distribution: | SEC registered
|
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