RBC Completes Subordinated Notes Offering

Royal Bank of Canada issued US$400 million floating rate subordinated notes on November 6, 2001, due November 8, 2011, listed on the London Stock Exchange plc, pursuant to its US$12 billion Euro Debt Issuance Programme.

Frank Picciola and Susan Mann of Ogilvy Renault’s London office, and Antonella Deo, senior counsel, Royal Bank of Canada, represented Royal Bank of Canada in the offering. The underwriters for the offering were Barclays Bank PLC and Royal Bank of Canada Europe Limited. The underwriters were represented by Marianne Sussex of Stikeman Elliott’s London office.

Lawyer(s)

Susan E. Mann Frank L. Picciola