Royal Bank of Canada files final prospectus for issuance
of Tier 1 capital
TORONTO, April 23, 2008 — Royal Bank of Canada
(RY on TSX and NYSE) today announced that it has filed a final
prospectus with securities commissions across Canada for the
issuance of Innovative Tier 1 capital of the bank.
RBC Capital Trust, a subsidiary of Royal Bank of Canada,
will issue $500 million of RBC TruCS - Series 2008-1.
The RBC TruCS - Series 2008-1 will be priced at $1,000 each
and will provide an indicated yield of 6.821%, paid semi-annually
in an amount of $34.105 per RBC TruCS - Series 2008-1 on the
last day of June and December. The initial payment on June
30, 2008 will be $11.773.
RBC Capital Trust is a closed-end trust established under
the laws of Ontario. RBC Capital Markets acted as lead agent
on the issue.
The capital will be issued for general corporate purposes.
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