By Wendy Van Sickle
Columbus, Ohio, April 26 – Royal Bank of Canada priced €500 million of inaugural five-year 0.25% green senior notes (expected ratings A2/A/AA) at 99.476, according to a market source.
BNP Paribas, Credit Agricole CIB, Danske, ING, RBC Capital Markets and Societe Generale are the joint bookrunners.
Proceeds will be used for financing and/or refinancing a portfolio of loans to projects and activities, in line with RBC’s green bond framework.
The transaction is being carried out under RBC’s securities issuance program dated Sept. 24, 2018.
FCA/ICMA stabilization applies.
RBC is a Toronto-based financial services company.
| Issuer: | Royal Bank of Canada
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| Issue: | Green senior notes
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| Amount: | €500 million
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| Maturity date: | May 2, 2024
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| Coupon: | 0.25%
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| Price: | 99.476
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| Bookrunners: | BNP Paribas, Credit Agricole CIB, Danske, ING, RBC Capital Markets and Societe Generale
|
| Pricing date: | April 26
|
| Expected ratings: | Moody’s: A2
|
| S&P: A
|
| Fitch: AA
|
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