Davis Polk acted as special counsel to RBC Capital Markets, LLC, Morgan Stanley & Co. LLC and RBS Securities Inc. as joint book-running managers on an SEC-registered offering by Royal Bank of Canada of $2.5 billion aggregate principal amount of 1.2% covered bonds due 2017.
RBC is Canada’s largest bank as measured by assets and market capitalization, and among the largest banks in the world, based on market capitalization. RBC is one of North America’s leading diversified financial services 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 and associate Ryan G. Mitteness. All members of the Davis Polk team are based in the New York office.
