Royal Bank of Canada Bond Due 2038 Offers High Security, Limited Protection

Royal Bank of Canada's 6.5% bond due in 2038 has some key metrics that investors should consider before making a decision. The bond, identified by its ticker RY5669455 on the FINRA exchange, is a corporate bond issued by Royal Bank of Canada.

According to the data available, the bond's credit risk assessment indicates it has a high level of security, with an issuer rating of 720 from Standard & Poor's and 730 from Fitch. The bond also has no inflation protection and is unsecured, making it senior in terms of its claim on assets.

The agents involved in the bond include RBC Capital Markets, LLC as the calculation agent, Ashurst LLP as legal advisor to issuing entities, and Norton Rose Fulbright Canada LLP as tax counsel. The use of proceeds from this bond is not available.