Investor Relations - Fixed Income Presentation
Well diversified wholesale funding platform
◉
Variety of programs allows for greater diversification and cost effectiveness
Canada
Canadian Shelf
(C$15 billion)
■ Securitizations
(Cdn mortgage bonds, NHA
MBS(1) and credit cards)
Well Diversified by Product
April 30, 2014
18%
5%
7%
19%
8%
22%
U.S.
SEC Registered Shelf
(US$25 billion)
Europe and Asia
☐
European Debt Issuance
Program (US$40 billion)
■ SEC Registered Covered Bonds
(US$12 billion)
☐
Covered Bond Program
(Euro 23 billion)
☐
Japanese Issuance Programs
(JPY 1 trillion)
RBC
■ СМВ
■Canadian Deposit Notes
■U.S. Medium Term Note
Yankee CD & 3a2
21%
■Covered Bond
Recent deals
■
■
US$1.65BN 5-year unsecured notes at Libor+53bps
C$1.75BN 7-year unsecured notes at Libor+56bps
■ EUR 700MM 5-year unsecured FRN at Libor+52bps
(Euribor+45bps)
US$1BN 3-year/5-year credit card securitization at
Libor+24bps / Libor+38bps
■ CHF250MM 5-year unsecured notes at Libor+53bps
■Golden Credit Cards
■
■European Medium Term Note
C$300MM 5-year unsecured FRN at Libor+41bps
Investor Relations - Fixed Income Presentation
(1) National Housing Act Mortgage Backed Securities.
18View entire presentation