Golden Credit Card Trust Completes Note Offering

Golden Credit Card Trust completed a public offering of $950 million 4.159 per cent credit card receivable-backed senior notes, series 2003-1, and $50 million 5.069 per cent credit card receivable-backed subordinated notes, series 2003-1. The deal closed on October 9, 2003. RBC Dominion Securities Inc. led the underwriting syndicate. Royal Bank of Canada is the seller and the servicer of the credit card receivables acquired by the trust, which backed the series 2003-1 notes.

The trust and RBC were represented by in-house counsel Antonella Deo; and by McCarthy Tétrault LLP, with a team that included F. Gordon Thompson, François Gilbert, Dean Masse, Bernadette Saumur, Gabrielle Richards and James Warnock. RBC Dominion Securities was represented by Osler, Hoskin & Harcourt LLP, with a team that included Philip Heath and Richard Fullerton (financial services), Katy Waugh (corporate finance) and Lara Friedlander (tax).


Bernadette Saumur Richard J. Fullerton Dean C. Masse Lara G. Friedlander Katy M. Waugh François M. Gilbert James H.M. Warnock F. Gordon Thompson