RBC beefs up TLAC buffer with sterling senior
Royal Bank of Canada was able to raise £400m of senior funding as though it was on 'autopilot' in the sterling market this week. It is the third Canadian issuer in a month to seek funding in this currency counting as total loss-absorbing capacity (TLAC).
RBC launched a five year senior unsecured bond at a spread of 100bp over Gilts.
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