RBC tests out Canadian TLAC bonds

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Senior Debt

RBC tests out Canadian TLAC bonds

Jasper Cox
September 27, 2018 02:15 PM
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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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Senior DebtRBC Capital MarketsCanadaAmericasNorth AmericaFIG
JC
Jasper Cox
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