Royal Bank of Canada Issues EUR 3 Billion in Covered Bonds

Royal Bank of Canada announced on September 15, 2026, the issuance of EUR 2,250,000,000 in 3.375 percent Covered Bonds due September 15, 2031, and EUR 750,000,000 in 3.750 percent Covered Bonds due September 15, 2036.

The total issuance amounts to EUR 3 billion and was conducted under the bank's EUR 75 billion Global Covered Bond Programme. This move signals the bank's continued access to capital markets for funding.

Covered bonds are typically secured debt instruments, meaning they are backed by a specific pool of assets. This structure is designed to offer investors a higher degree of security compared to unsecured debt.

Royal Bank of Canada did not disclose the specific use of proceeds for this issuance. The transaction is part of the bank's ongoing funding strategy.