Royal Bank of Canada Lists Bonds on London Stock Exchange

Royal Bank of Canada announced that EUR2.25 billion in 3.375 per cent. covered bonds due September 15, 2031, have been admitted to trading on the London Stock Exchange's main market. These bonds are part of the bank's €75 billion Global Covered Bond Programme.

The admission to trading signifies the inclusion of these securities under the bank's broader funding program. The covered bonds are unconditionally and irrevocably guaranteed as to payments by RBC Covered Bond Guarantor Limited Partnership. This listing provides access to a wider pool of investors and enhances liquidity for the issued debt.

While the bank has not provided specific details regarding the strategic rationale for this particular listing, such admissions to major stock exchanges are typical for large financial institutions seeking to diversify their funding sources and maintain a liquid market for their debt instruments.

The bonds are denominated in euros and represent a portion of the total issuance under the covered bond programme.