RBC outdoes TD for spread on ‘astonishing’ green debut

Tyler Davies

April 24, 2019 12:30 pm

RBC_Bank_PA_230x150_240419 — A Royal Bank of Canada sign is shown in the financial district in Toronto on Tuesday, August 22, 2017. Royal Bank says its decision to close 25 branches mainly in city centres across Canada over the past year is having a minimal impact on clients, as it increasingly shifts toward digital services. THE CANADIAN PRESS/Nathan Denette | Nathan Denette/The Canadian Press/PA Images

Royal Bank of Canada stunned market participants with its first public euro offering of bail-inable senior debt on Wednesday, pricing the deal inside equivalent trades from Toronto-Dominion Bank and Bank of Nova Scotia. The trade was RBC’s first ever green bond.

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Senior Debt RBC Capital Markets TD Securities Redemption SRI FIG

TD

Tyler Davies