Royal Bank of Canada closes Series 2019-2 offering for Golden Credit Card Trust

Date Closed

October 23, 2019

Lead Office

Toronto

Value

600.00 Million USD

On October 23, 2019, Golden Credit Card Trust closed its offering of credit card receivables-backed notes, Series 2019-2.

The offering included (i) US$600 million principal amount of Credit Card Receivables-Backed Class A Floating Rate Notes, (ii) C$38,103,209 principal amount of Credit Card Receivables-Backed Class B Notes, and (iii) C$16,934,759 principal amount of Credit Card Receivables-Backed Class C Notes. The notes have an expected maturity date of October 15, 2021.

McCarthy Tétrault LLP advised Royal Bank of Canada, as sponsor, with a team led by Michael McConnell that included Candace Pallone.

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