TECHNOLOGY @ RBC
Well-diversified wholesale funding platform
■ Well-diversified across products, currencies, investor segments, and geographic regions
■ Raise majority of funding in international markets, preserving significant domestic capacity which can be more readily tapped in stressed
market conditions
Regular issuance in all major markets to promote investor engagement and secondary market liquidity
Canada
Canadian Shelf
(C$25BN)
Securitizations
(Canadian mortgage bonds, NHA MBS(1)
and credit cards)
Well Diversified by Product (2)
U.S.
SEC Registered Shelf
(US$40BN)
Diversified by Geography(2)
Europe and Asia
European Debt Issuance Program
(US$40BN)
Covered Bond Program
(EUR 60BN)
Japanese Issuance Programs
(JPY 1 trillion)
Recent Deals
European
Golden
Medium
Term Note
Credit Card
Trust
CMB
14%
6%
5%
Covered
Bond
Canadian
Senior Debt
30%
22%
U.S.
Medium
Term Note
21%
Yankee CD
& 3a2
2%
(1) National Housing Act Mortgage Backed Securities. (2) As at October 31, 2020.
60 APPENDIX
Europe
32%
Canada
37%
U.S.
31%
CAD $1.25 Billion 60nc5 Additional Tier 1
Limited Recourse Capital Notes at a rate of
4% announced on October 22 and settled
on November 2
■ USD $2.25 Billion 3 year unsecured at
LIBOR+25bps
RBCView entire presentation