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City of Victoria Awards $20,905,000 Bonds Contract to Royal Bank of Canada (February 2025)

City of Victoria logoCity of Victoria
Disclosed value
$20,905,000
From minutes
Approved
Feb 24, 2025
Term
25 years

The 30-second brief

What it covers

RBC submits the lowest bid for bonds to finance the construction of a new fire station. The bonds are structured over a period of 25 years with a final principal amount of $20,905,000 and a final true interest cost of 3.89%.

Who holds it

Royal Bank of Canada holds this bonds contract with City of Victoria. Its other public contracts on record include work for Town of Black Diamond and Village of Merrickville-Wolford.

What happens next

Term as filed: 25 years.

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Contract details

Contract type
Bonds
Amount
$20,905,000
Document date
February 24, 2025
Term
25 years
Vendor
Royal Bank of Canada
Agency
City of Victoria
Source document
city_of_victoria_regular_council_meeting_minutes_f.pdf (Minutes)

Royal Bank of Canada's other public contracts

Town of Black Diamond, ABTown Recommends Continuing Royal Bank Banking Relationship · Oct 21, 2026UndisclosedVillage of Merrickville-Wolford, ONCouncil to Consider Royal Bank Borrowing Agreement · Oct 13, 2026UndisclosedVillage of Merrickville-Wolford, ONMerrickville-Wolford Recommends RBC Infrastructure Loan · Oct 13, 2026$1.6MHolland Department Of Public Safety, MichiganRoyal Bank Named Supplier In HBPW Prepay Gas Deal · Oct 9, 2026Town of Three Hills, ABThree Hills Completes Royal Bank Loan Payout · Sep 27, 2026UndisclosedAll Royal Bank of Canada contractsVendor profile

More City of Victoria contracts

BS&ACredit Card Processing Agreement Planned With BS&A · Oct 23, 2026UndisclosedBolton & MenkWater Treatment Engineering Contract Approved for Bolton & Menk · Oct 23, 2026$27KCarver CountyTransportation Scoping Study Partnership Planned With County · Oct 23, 2026UndisclosedBS&ACredit Card Processing Agreement with BS&A Considered · Oct 23, 2026UndisclosedCenter for Energy & EnvironmentVictoria Considers Housing Grant Administration Agreement · Oct 23, 2026All City of Victoria activityAgency profile

Questions about this contract

Who was awarded the bonds contract by City of Victoria?

Royal Bank of Canada was awarded this bonds contract by City of Victoria, as recorded on February 24, 2025. The contract value is $20,905,000.

How much is the Royal Bank of Canada contract with City of Victoria worth?

The Royal Bank of Canada contract with City of Victoria is valued at $20,905,000, covering bonds work.

What type of contract is this?

This is a Bonds contract, documented as a minutes record.

Where was this contract approved?

This contract appears in city_of_victoria_regular_council_meeting_minutes_f.pdf (Minutes), dated February 24, 2025 from City of Victoria. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Royal Bank of Canada hold?

Royal Bank of Canada may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Victoria currently buying?

Explore City of Victoria's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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