Royal Bank of Canada issued US$2.5 billion of senior bail-in bonds as Canadian banks dive into record issuance before the fiscal fourth quarter ends even as borrowing cost rise amid concerns of a looming global recession. The country's largest bank by assets issued debt in two parts -- after dropping an initially planned floating-rate note portion -- as risk spreads land at the widest in two years. The US$1.35 billion of five year bonds were priced to yield 160 basis points over Treasuries, the people said, compared to 135 basis points in July, when the lender sold US$1.25 billion of similar duration securities. With more than two months to go, Canadian banks in 2022 raised a record $244.7 billion (US$178.9 billion) of bonds in the domestic and international bond markets compared to over $168 billion in 2021, according to data compiled by Bloomberg. Around 74 per cent of this year's issuance has been raised in international bond markets. . . Follow @stoccoin for daily posts about cryptocurrencies and stocks. NOTE: This post is not financial advice for you to buy the crypto(s) or stock(s) mentioned. Do your own research and invest at your own will if you want. Thanks for reading folks! IGNORE THE HASHTAGS: #stoccoin #rbc #economy #bank #canadabank #crypto #stocks #stockmarket #bitcoin #cryptocurrency #btc #metaverse #nft #sensex #nifty50 #bse #nse #banknifty #usd #investments #finance https://www.instagram.com/p/CkFOHzgIgzL/?igshid=NGJjMDIxMWI=
