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Royal Bank of Canada closes Series 2019-1 offering for Golden Credit Card Trust

Date Closed

January 18, 2019

Lead Office



550.00 Million USD

On January 18, 2019, Golden Credit Card Trust closed its US$550 million securitization offering of notes, Series 2019-1.

The offering included (i) US$550 million principal amount of Credit Card Receivables Backed Class A Floating Rate Notes, Series 2019-1 (the “Series 2019-1 Class A Notes”), (ii) C$35,113,236 principal amount of 2.984% Credit Card Receivables Backed Class B Notes, Series 2019-1 (the “Series 2019-1 Class B Notes”), and (iii) C$15,605,882 principal amount of 3.484% Credit Card Receivables Backed Class C Notes, Series 2019-1 (the “Series 2019-1 Class C Notes”).

McCarthy Tétrault LLP advised Royal Bank of Canada, the seller and issuer, with a team led by Michael McConnell that included Eriq Yu and Sharon J. Kretchmar.