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Forex

Royal Bank of Canada Issues Bond with 5.65% Interest Rate

Guavy AI Editorial Team
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CAD
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The Royal Bank of Canada issued a bond with a 5.65% interest rate that matures on January 31, 2039.

The bond has a seniority level and is unsecured, meaning it does not have any collateral backing its value.

The issuer's rating from Standard & Poor's has been AA- since at least 2004 and remains stable, indicating a low credit risk.

Fitch Ratings also rates the bond AA-, with an outlook of negative as of June 2023, suggesting potential downgrades in the future.

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