Royal Bank of Canada (RBC) completed SEC-registered offerings of $4.25 billion of senior medium-term notes.
The offerings consisted of $1.55 billion of 4.965% senior fixed rate/floating rate notes due 2029, $600 million of senior floating rate notes due 2029, $1.8 billion of 5.153% senior fixed rate/floating rate notes due 2031 and $300 million of senior floating rate notes due 2031.
With total assets of 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 and Noah Springer. Jeff Hochberg advised on tax matters.