Royal Bank of Canada (RBC) closed SEC-registered offerings of $3 billion of senior medium-term notes, consisting of $1 billion of 4.715% senior fixed-rate/floating-rate notes due 2028, $600 million of senior floating-rate notes due 2028, $1 billion of 4.97% senior fixed-rate/floating-rate notes due 2031 and $400 million of senior floating-rate notes due 2031.
With total assets of approximately C$2.2 trillion, RBC is the largest Canadian company by market capitalization and serves more than 18 million clients worldwide.
The S&C team advising RBC on the offerings included Don Crawshaw, Ben Weiner, Cameron Teschuk, Noah Springer and Amra Saric. Jeff Hochberg advised on tax matters.