03:03 PM EDT, 10/09/2024 (MT Newswires) -- Royal Bank of Canada ( RY ) is sounding out investors for a possible C$2 billion ($1.46 billion) bond deal in two parts, according to people familiar with the matter, Bloomberg is reporting Wednesday.

The bonds are bail-in securities, said the people, who declined to be identified discussing private matters. The deal could launch as soon as Wednesday, they said.

Bloomberg noted RBC raised $4.7 billion in a five-part US dollar deal on Tuesday. The longest portion, due in six years and that the bank can buy back after five, yielded 80 basis points more than Treasuries.

RBC didn't immediately respond to a request for comment.

(Market Chatter news is derived from conversations with market professionals globally, and/or from other media sources. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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