RBC Business Segments and Market Strategy
RBC Covered Bond Program
Globally Active
■ Active program in six different currencies: EUR,
CAD, USD, CHF, AUD and GBP
Strong Issuer
Largest Canadian bank by market capitalization
-
C$32.8BN currently outstanding
☐
Strong credit ratings
■ Seven benchmark transactions since January 2015
EUR 1.0BN 7-year
C$2.2BN 5-year
USD 1.75BN 5-year
EUR 1.25BN 5-year
GBP 400MM 3-year
US$2.0BN 5-year
US$500MM 3-year
■ Well capitalized and consistent historical
profitability
■ Well diversified business mix
RBC
Canadian Legislative Changes
☐
■ Canadian legislation protects claims of covered
bond investors and overrides any other conflicting
law related to bankruptcy and insolvency
- Extensive regulatory oversight and pool audit
requirements
Mandatory property value indexation
U.S. Registration
■ U.S. covered bond program is SEC registered
- Issued US$13.75BN across seven deals since
September 2012
- Index eligible and Trace eligible
Appendix
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