RBC Financial Strategy and Performance
Well diversified wholesale funding platform
☐
Variety of programs allows for greater diversification and cost effectiveness
Canada
■ Canadian Shelf
(C$25BN)
■ Securitizations
(Canadian mortgage bonds, NHA
MBS(1) and credit cards)
Well Diversified by Product (2)
Golden
Credit Card
Trust
7%
CMB
13%
U.S.
■ SEC Registered Shelf
(US$40BN)
European
Medium Term
Note
8%
Recent Deals
■
Europe and Asia
European Debt Issuance
Program (US$40BN)
■ Covered Bond Program
(EUR 32BN)
Japanese Issuance Programs
(JPY 1 trillion)
RBC
US$600MM 2-year unsecured (bail-in) at LIBOR + 40bps
■ €1.75BN 5-year covered bond at LIBOR + 42bps
■ €500MM 2-year unsecured (bail-in) at LIBOR + 52bps
US$550MM 2-year Golden Credit Card at LIBOR+33bps
Yankee CD &
3a2
4%
Covered
Bond
Canadian
Deposit Note
18%
29%
U.S. Medium
Term Note
21%
Appendix
(1) National Housing Act Mortgage Backed Securities. (2) As at January 31, 2019.
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