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RBC to tap Samurai market amid optimism after Liberal party victory

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The Royal Bank of Canada, rated one level higher than the Japanese government by S&P, is set to market on Friday a 10-year security that is set to pay more than double the yield on local government debt.

Tokyo

ROYAL Bank of Canada is planning to sell its first Samurai bond since the global credit crisis as the highly-rated lender taps Japanese demand for yield amid optimism that Justin Trudeau's election win will help lift Canadian economic growth.

RBC, which is rated one level

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