RBC prices USD 1 billion senior fixed-to-floating rate debt offering

By Public Technologies
  • Royal Bank of Canada priced USD 1 billion of senior unsecured fixed-rate/floating-rate notes due November 5, 2030.
  • The notes pay 5.42% annually until November 5, 2029, then reset quarterly at USD Compounded SOFR Index Rate plus 86.8 basis points.
  • Priced at 100% of principal, the offering will generate USD 998.5 million in proceeds before expenses.
  • Settlement is expected November 5, 2026; the bank may redeem the entire issue at par on November 5, 2029.


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