TORONTO - Royal Bank of Canada on Wednesday disclosed details of its loans to telecommunications and cable television companies.
Royal Bank said that as of Sept. 30 its loans to telecommunications and cable companies totaled $4.4 billion, or 6.3%, of its corporate and government loans and bankers' acceptances. Of the loans, $2.7 billion, or 62%, were investment-grade, and $1.7 billion were non-investment-grade.
Royal Bank also said that as of September 30, its total high-yield bond trading portfolio was less than $100 million, with under 70% of it relating to telecommunications companies.
