Royal Bank of Canada Issues AUS$400M Notes

On March 19, 2002, Royal Bank of Canada issued AUS$400 million floating rate notes due 2007 (cleared through Australclear, listed on the London Stock Exchange), pursuant to its US$12 billion Euro debt issuance programme. The notes were offered and sold in the Australian domestic market and included customary terms and conditions governed by Australian parlance, the issue is characterized as a Kangaroo “bolt-on” to a flexible European debt issuance programme. The underwriters for the offering were Royal Bank of Canada, Sydney Branch, ABN AMRO Bank N.V., Australian Branch; and National Australian Bank Limited.

Representing the bank on Canadian law matters were Frank Picciola of Ogilvy Renault in London, and Antonella Deo, senior counsel, Royal Bank of Canada. Fred Pucci and Neil Smyth of Blake Dawson Waldron in Sydney were Australian counsel to the bank. The underwriters were represented by Richard Mazzochi and Joanne Kidston of Mallesons Stephen Jaques in Sydney.