RBC Financial Strategy and Performance
RBC Covered Bond Program
Globally Active
■ Active program in six different currencies: EUR,
CAD, USD, CHF, AUD and GBP
C$39BN currently outstanding
Strong Issuer
☐
Largest Canadian bank by market capitalization
Strong credit ratings
RBC
Well capitalized and consistent historical profitability
■ Well diversified business mix
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. Market
■ Active U.S. dollar covered bond issuer
■ Several benchmark bonds outstanding
Broad U.S. investor base
Issued US$17.2BN across eight deals since
September 2012
Appendix
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Trace eligible
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