RBC Issues $1B Notes

On November 3, 2003, Royal Bank of Canada issued $1 billion of medium term notes, series 6. The notes bear interest at a fixed rate of 5.45 per cent per annum until November 4, 2013, and at the three-month banker’s acceptance rate plus 1 per cent thereafter until their maturity on November 4, 2018. The notes were issued under a short form base shelf prospectus of the Royal Bank of Canada dated July 28, 2003, qualifying the issue of up to $4 billion aggregate principal amount of medium term notes.

The offering was led by RBC Dominion Securities Inc., with a dealer syndicate that included TD Securities Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc., Scotia Capital Inc., Merrill Lynch Canada Inc., National Bank Financial, HSBC Securities (Canada) Inc., Desjardins Securities Inc. and Laurentian Bank Securities Inc.

Royal Bank of Canada was represented by in-house senior counsel Antonella Deo; and by Dawn Whittaker and Alan Sinclair of Ogilvy Renault. The dealers were represented by Stikeman Elliott LLP, with a team that included Mihkel Voore, Maurice Swan and Nir Katzour.

Lawyer(s)

Alan Sinclair Maurice J. Swan Mihkel E. Voore Dawn P. Whittaker