Royal Bank of Canada Adds $327M Interest Rate Hedges
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Description
NYC HDC maintains $327,530,000 of interest rate hedge agreements with Royal Bank of Canada, some extending to 2050.
Contract Details
Contract Amount
$327,530,000
Vendor
ROYAL BANK OF CANADA
Agency
NYC Housing Development Corporation (HDC), NY
Contract Type
FINANCIAL_SERVICES
Document Date
May 28, 2026
Contract Term
12/1/2022 – 11/1/2042; 5/1/2024 – 5/1/2050 (interest rate hedges)
Renewal Date
2050-05-01
Renewal Info
At least two swaps, maturing November 2042 and May 2050.
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Issuing Agency
Public Authority
New York, NY
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