Davis Polk advised Royal Bank of Canada Capital Markets, LLC and Goldman, Sachs & Co. as lead managers on an SEC-registered offering by Royal Bank of Canada of US$1.25 billion aggregate principal amount of 1.45% senior notes due 2014 and US$750 million aggregate principal amount of senior floating-rate notes due 2014 under its US$25 billion medium-term notes program.

Royal Bank of Canada is Canada’s largest bank based on assets and market capitalization, and one of the largest in the world based on market capitalization. RBC is one of North America’s leading diversified financial service companies, and provides personal and commercial banking, wealth management services, insurance, corporate and investment banking and transaction-processing services on a global basis. 

The Davis Polk corporate team included partner Luigi L. De Ghenghi, counsel Courtenay U. Myers and associates E. Ashley Harris and Ryan G. Mitteness. Partner Michael Farber and associate Arie Rubenstein provided tax advice. Anney Chi was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.