RBC Business Segments and Market Strategy
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)
European
Medium Term
Note
6%
Golden Credit
Cards
8%
Covered
Bond
23%
CMB
13%
U.S.
■ SEC Registered Shelf
(US$40BN)
■ SEC Registered Covered Bonds
Canadian
Deposit Note
17%
U.S. Medium
Term Note
24%
(US$15BN)
Recent deals
◉
Europe and Asia
European Debt Issuance
Program (US$40BN)
■ Covered Bond Program
(EUR 32BN)
Japanese Issuance Programs
(JPY 1 trillion)
▪ A$800BN 5-year unsecured at Libor+104bps
■ EUR 500MM 5-year unsecured at Libor+ 105bps
■ US$1.25BN 5-year unsecured at Libor+ 100bps
■ US$1.5BN 3-year unsecured at Libor+ 70bps
■ USD 1.75BN 5-year covered bond at Libor+72bps
■ EUR 1.25BN 5-year covered bond at Libor+55bps
Yankee CD &
3a2
9%
Appendix
(1) National Housing Act Mortgage Backed Securities. (2) As at January 31, 2016.
RBC
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