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Royal Bank of Canada sells 146.3 bln yen in Samurai bonds

Mon Apr 21, 2008 9:00pm EDT
 
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TOKYO, April 22 (Reuters) - The Royal Bank of Canada (RY.TO: Quote, Profile, Research, Stock Buzz)(RY.N: Quote, Profile, Research, Stock Buzz) sold a total of 146.3 billion yen ($1.42 billion) in Samurai bonds in three tranches on Tuesday, a source close to the deal said.

RBC, the latest financial firm to raise funds in the relatively calm Japanese markets, sold 37.8 billion yen of three-year fixed-rate bonds with a 1.77 percent coupon, 28.3 billion yen of five-year fixed-rate bonds with a 2.02 percent coupon and 80.2 billion yen of five-year floating-rate bonds with a coupon set at 81 basis points over three-month yen LIBOR.

Lead managers were Daiwa Securities SMBC, Mizuho Securities, Nikko Citigroup and RBC Capital Markets.

The bonds were priced at par.

Samurai bonds are yen bonds issued in Japan by non-Japanese entities. (Reporting by Takefumi Ito and Naoyuki Katayama)

 

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