Royal Bank of Canada Issues Corporate Bond with 6.0% Interest Rate

The Royal Bank of Canada has issued a corporate bond with a 6.0% interest rate maturing on July 19, 2038. The bond, identified as RY5619116, is listed on the FINRA exchange and is considered senior in its seniority level.

The credit risk assessment for this bond shows that it has an issuer rating of 720 from Standard & Poor's, with a long-term rating of 730. However, the most recent rating from Fitch Ratings is 720 with a negative outlook.

The bond does not offer inflation protection and is unsecured. The use of proceeds for this bond is not available. RBC Capital Markets, LLC serves as the calculation agent, underwriter, and tax counsel for this issue.