RBC Completes $2B Medium Term Note Offering

Royal Bank of Canada (the “Bank”) completed an offering in Canada of $2 billion principal amount of Series 15 Medium Term Notes (Subordinated Indebtedness) due December 6, 2024 under the Bank's domestic Canadian MTN program. The Notes bear interest at a fixed rate of 2.990 per cent per annum until December 6, 2019, and thereafter at a floating rate equal to the 3-month CDOR plus 1.10 per cent.

RBC Dominion Securities Inc. acted as lead dealer for the offering with a syndicate including TD Securities Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc., National Bank Financial Inc., Scotia Capital Inc., Merrill Lynch Canada Inc., Desjardins Securities Inc., Laurentian Bank Securities Inc. and Manulife Securities Incorporated.

Royal Bank of Canada was represented internally by Erin Dion, Senior Counsel, and by Dawn Whittaker and Heidi Reinhart (securities) of Norton Rose Canada LLP.
The Dealers were represented by Stikeman Elliott LLP with a team that included Philip Henderson and Paul Rakowski (securities).


Dawn P. Whittaker Heidi Reinhart Paul Rakowski Philip J. Henderson