RBC Issues Senior Unsecured Bond with 0.0% Coupon Rate
The Royal Bank of Canada (RBC) issued a bond on December 29, 2027, with a coupon rate of 0.0%. The bond has a seniority level of Senior and is not protected against inflation. According to the credit risk assessment, the issuer rating from S&P Global indicates a stable outlook.
The RBC's credit ratings have been consistent over the years, with S&P Global assigning an A+ rating in 2020. Similarly, Fitch Ratings assigned an AA- rating in 2019. The bank has no credit enhancement type and is unsecured.
The bond issue agents include RBC Capital Markets, LLC, Davis Polk & Wardwell LLP, J.P. Morgan Securities LLC, JPMorgan Chase Bank, N.A., and Norton Rose Fulbright Canada LLP.