Davis Polk – Royal Bank of Canada US$1 Billion Notes Offering

Davis Polk advised Royal Bank of Canada Capital Markets, LLC, Goldman, Sachs & Co., and nabSecurities, LLC as lead managers on an SEC-registered offering by Royal Bank of Canada of $1 billion aggregate principal amount of 0.8% senior notes due 2015 under its $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 and associates E. Ashley Harris and Ryan G. Mitteness. Partner Samuel Dimon and associate Avinash Venkatesh 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.

www.davispolk.com