Royal Bank of Canada announces €75 billion global covered bond program

Published 09/07/2025, 17:52
Royal Bank of Canada announces €75 billion global covered bond program

TORONTO - Royal Bank of Canada (TSX:RY) announced today that its €75 billion Global Covered Bond Programme has received approval from the UK Financial Conduct Authority.

The program, unconditionally and irrevocably guaranteed as to payments by RBC Covered Bond Guarantor Limited Partnership, was approved on July 9, 2025, according to a regulatory announcement issued by the bank.

The prospectus and related documents have been submitted to the National Storage Mechanism and will be available for inspection through the UK regulator’s official repository.

The covered bonds under this program have not been and will not be registered under the United States Securities Act of 1933 and may not be offered or sold within the United States or to U.S. persons. The offering will only be available in offshore transactions to non-U.S. persons in accordance with Regulation S under the Securities Act.

The bank’s announcement includes access information for the prospectus dated July 9, 2025, along with incorporated reference documents such as the Registration Document dated July 8, 2025, the 2024 Annual Information Form, 2024 Annual Report, and the Second Quarter 2025 Report to Shareholders.

The program represents a continuation of Royal Bank of Canada’s covered bond offerings, with terms and conditions of previous issuances dating back to 2014 included in the reference materials.

This article is based on information contained in a press release statement from Royal Bank of Canada.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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