RBC tests out Canadian TLAC bonds

Jasper Cox

September 27, 2018 02:15 pm

RBC_PA_230x150 — A Royal Bank of Canada sign is shown in the financial district in Toronto on Tuesday, August 22, 2017. The Royal Bank has been added to the Financial Stability Board's global systemically important banks. THE CANADIAN PRESS/Nathan Denette | Nathan Denette/The Canadian Press/PA Images

This week Royal Bank of Canada became the first bank to issue a senior bond complying with the country’s new bail-in regime. It paid a 10bp-12bp premium over the legacy senior curve.

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Topics

Senior Debt RBC Capital Markets Canada Americas North America FIG

JC

Jasper Cox