Royal Bank of Canada Closes $120 Million SEC-Registered OfferingNovember 1, 2016
S&C client Royal Bank of Canada closed an SEC-registered offering of its senior medium-term notes, Series G, consisting of $120 million aggregate principal amount of senior floating rate notes due 2018.
RBC was founded in 1864 and has been a chartered bank under Canada's Bank Act since 1869. With total assets of over $900 billion as of July, RBC provides a broad range of retail banking, wealth management and investment banking products and solutions. RBC is the largest Canadian company by market capitalization, and serves over 16 million clients and has more than 80,000 employees worldwide.
S&C acted as U.S. counsel for RBC for the offering.
The S&C team included Donald Crawshaw, Douglas Sarro, Arnaud Camu and Richard Le Page. Ronald Creamer, Saul Brander and Jonathan Rhein advised on tax matters.