Golden Credit Card Trust Closes US$400 Million Offering

On July 18, 2008, Golden Credit Card Trust closed its offering of US$400 million aggregate principal amount of credit card receivables backed senior floating rate notes, series 2008-3. The offering of the notes was made in the United States pursuant to Rule 144A under the US Securities Act of 1933. The joint lead arrangers for the transaction were RBC Capital Markets Corporation, and J.P. Royal Bank of Canada is the seller and the servicer of the credit card receivables acquired by the Trust, which back the series 2008-3 notes.

Working with Royal Bank of Canada's in-house counsel, Paul Guthrie, McCarthy Tétrault LLP acted for the Trust and Royal Bank of Canada with a team that included Marc MacMullin, Andrew Parker, Michael McConnell, Kordell Fournier, Matthew Appleby and Aaron Klopp (corporate) and Gabrielle Richards and Jim Morand (tax).

Patton Boggs LLP provided US legal advice to the Trust and Royal Bank of Canada with a team that included Mike Smith (corporate) and Sean Clancy (tax). The joint lead arrangers were advised on Canadian and US matters by Osler, Hoskin & Harcourt LLP with a team that included Rick Fullerton, Robert Lando, Paul Seraganian (tax), Jason Comerford and Kevin Colan (tax).

In-house counsel Andy Chen from RBC Capital Markets and Sam Peckham from J.P. Morgan also represented the joint lead arrangers.

Lawyer(s)

Paul D. Guthrie Andrew C. Parker Kevin Colan Jason Comerford Marc J. MacMullin Paul Seraganian Michael K. McConnell James G. Morand Richard J. Fullerton Robert C. Lando