/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES/
TORONTO, Dec. 16, 2015 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE) today announced it has closed
its domestic public offering of Non-Cumulative, 5-Year Rate Reset
Preferred Shares Series BK. Royal Bank of Canada issued 27 million
Preferred Shares Series BK at a price of $25 per share to raise gross
proceeds of $675 million.
The offering was underwritten by a syndicate led by RBC Capital Markets.
The Preferred Shares Series BK will commence trading on the Toronto
Stock Exchange today under the ticker symbol RY.PR.Q.
The bank has granted the underwriters' an option, exercisable in whole
or in part, to purchase up to an additional 2 million Preferred Shares
Series BK at the same offering price. The underwriters have 30 days
from the closing of the preferred share offering to exercise the
The Preferred Shares Series BK were issued under a prospectus supplement
dated December 10, 2015 to the bank's short form base shelf prospectus
dated December 20, 2013.
The Preferred Shares Series BK have not been and will not be registered
in the United States under the United States Securities Act of 1933, as
amended (the "Securities Act"), or the securities laws of any state of
the United States and may not be offered, sold or delivered, directly
or indirectly in the United States or to, or for the account or benefit
of, a "U.S. person" (as defined in Regulation S under the Securities
Act) absent registration under the Securities Act or an applicable
exemption from such registration requirements. This press release does
not constitute an offer to sell or a solicitation to buy securities in
the United States or in any other jurisdiction where such offer or
solicitation would be unlawful.
For further information:
Shirley Boudreau, Shareholder Relations, 416-955-7806
Julia Macleod, Investor Relations, 416-955-7302
Sandra Nunes, Financial Communications, 416-974-1794