Royal Bank of Canada Issues 2.75% Coupon Bond Due April 13, 2028

The Royal Bank of Canada has issued a bond with a 2.75% coupon rate, set to mature on April 13, 2028. The bond's payments are scheduled to occur quarterly, with the next payment planned for October 13, 2026.

According to TradingView, the current coupon rate is 2.75%. This means that investors will receive an interest payment of 4.5% every quarter, which is equivalent to 1.8 times the current coupon rate.

The bond's ratings from credit agencies are not available in the source. However, it does mention that the bond's S&P rating was 720 on February 12, 2021, and Fitch rating was also 720 on December 5, 2022.