Royal Bank of Canada completes offering of C$600M institutional non-cumulative preferred shares

On July 24, 2024, Royal Bank of Canada completed a domestic public offering of C$600 million Non-Cumulative 5-Year Fixed Rate Reset First Preferred Shares. 

The offering was issued through a syndicate of agents led by RBC Dominion Securities Inc.

McCarthy Tétrault advised the agents with a team lead by Andrew Parker that included Jo-Anna Brimmer, Samantha Pettinato, Lama Kahiel, Britney Schyf (Business), Kabir Jamal and Len Nesbitt (Tax).