Royal Bank of Canada completes aggregate US$4.25 billion senior medium-term notes offerings

Our Toronto office acted as Canadian counsel to Royal Bank of Canada (RBC) on SEC-registered offerings of US$600 million aggregate principal amount of senior floating rate notes due January 24, 2029, US$1.55 billion aggregate principal amount of 4.965% senior fixed rate/floating rate notes due January 24, 2029, US$300 million aggregate principal amount of senior floating rate notes due February 4, 2031 and US$1.8 billion aggregate principal amount of 5.153% senior fixed rate/floating rate notes due February 4, 2031. The offerings were completed through RBC’s U.S. medium-term notes program.

RBC Capital Markets, LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Truist Securities, Inc., U.S. Bancorp Investments, Inc., Lloyds Securities Inc., and NatWest Markets Securities Inc. acted as lead managers and joint book runners for the offerings.