{"id":4127,"date":"2008-11-24T18:35:52","date_gmt":"2008-11-24T22:35:52","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=4127"},"modified":"2008-11-24T18:35:52","modified_gmt":"2008-11-24T22:35:52","slug":"new-issue-royal-bank-fixed-reset-625350","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=4127","title":{"rendered":"New Issue: Royal Bank Fixed-Reset 6.25%+350"},"content":{"rendered":"<p>Yet another new issue!<\/p>\n<p>Issue: Royal Bank Non-Cumulative 5-Year Rate Reset Preferred Shares, Series AN<\/p>\n<p>Size: 9-million shares @$25.00 (=$225-million); Greenshoe for 4-million shares (=$100-million)<\/p>\n<p>Dividend: 6.25% until first Exchange Date; reset every Exchange Date at 5-Year Canadas + 350bp. First Dividend 2009-5-24 for $0.71490. Floaters pay 3-month Bills +350, reset quarterly.<\/p>\n<p>Exchangeable: Every Exchange Date to and from Series AO (&#8220;Floaters&#8221;).<\/p>\n<p>Exchange Date: 2014-2-24 and every five years thereafter.<\/p>\n<p>Redeemable: Every Exchange Date at $25.00. Floaters redeemable every Exchange Date at $25.00 and at $25.50 at all other times.<\/p>\n<p>Closing: 2008-12-8<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yet another new issue! Issue: Royal Bank Non-Cumulative 5-Year Rate Reset Preferred Shares, Series AN Size: 9-million shares @$25.00 (=$225-million); Greenshoe for 4-million shares (=$100-million) Dividend: 6.25% until first Exchange Date; reset every Exchange Date &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[],"class_list":["post-4127","post","type-post","status-publish","format-standard","hentry","category-new-issues"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/4127","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4127"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/4127\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}