New Issue-Royal Bank of Canada sells $1.75 bln in 2 parts

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Tue Apr 12, 2011 10:33pm BST 

  April 12 (Reuters) - Royal Bank of Canada (RY.TO) on
Tuesday sold $1.75 billion of two-part notes, said IFR, a
Thomson Reuters service.
  BNP Paribas, JP Morgan and RBC were the joint bookrunning
managers for the sale.
BORROWER: ROYAL BANK OF CANADA
TRANCHE 1                                                
AMT $900 MLN      COUPON 3-MO-LIBOR   MATURITY 4/17/2014 
                + 30 BPS                              
TYPE NTS          ISS PRICE 100       FIRST PAY 7/17/2011
MOODY'S Aa1       YIELD N/A           SETTLEMENT 4/19/2011
S&P AA-MINUS      SPREAD N/A          PAY FREQ QUARTERLY 
FITCH DOUBLE-A                        NON-CALLABLE N/A   
TRANCHE 2                                                
AMT $850 MLN      COUPON 2.875 PCT    MATURITY 4/19/2016 
TYPE NTS          ISS PRICE 99.764    FIRST PAY 10/19/2011
MOODY'S Aa1       YIELD 2.926 PCT     SETTLEMENT 4/19/2011
S&P AA-MINUS      SPREAD 73 BPS       PAY FREQ SEMI-ANNUAL
FITCH DOUBLE-A     MORE THAN TREAS    NON-CALLABLE N/A
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