Royal Bank of Canada is increasing the size of its preferred share offering in response to strong investor demand, the bank said Thursday.On Wednesday, the bank announced a $200 million offering.The bank also granted the underwriters an option to purchase up to an additional 3 million shares at the same offering price of $25 a […]
$200-million offering expected to close Jan. 30
Issue of 8 million preferred shares expected to close Jan. 29
The market meltdown has hit preferred shares, but yields are relatively high and the sector is more attractive than usual