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

RY•2026-11-05

Royal Bank of Canada priced USD 1 billion of senior unsecured notes due November 5, 2030. The notes pay 5.42% annually until November 5, 2029, then reset quarterly at the USD Compounded SOFR Index Rate plus 86.8 basis points.

1. Offering terms

Royal Bank of Canada priced the notes at 100% of principal, with proceeds of USD 998.5 million before expenses. Settlement is expected on November 5, 2026, and the bank may redeem the entire issue at par on November 5, 2029.

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

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

1. Offering terms

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