Royal Bank of Canada (RBC) closed $2.25 billion in SEC-registered offerings of senior medium-term notes.
The offerings consisted of $750 million of 3.995% senior fixed-rate/floating rate notes due 2028, $500 million of senior floating rate notes due 2028 and $1 billion of 4.305% senior fixed-rate/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 19 million clients worldwide.
The S&C team advising RBC included Ben Weiner, Cameron Teschuk and Austin Reda. Jeff Hochberg advised on tax matters.