TORONTO - The Royal Bank of Canada (RBC) has released a second supplementary prospectus related to its €75 billion Global Covered Bond Program, which is backed by RBC Covered Bond Guarantor Limited Partnership. The prospectus, dated today, is now approved by the Financial Conduct Listing Authority.
The document provides details on the bank's latest offering and is part of a series that includes an initial prospectus dated July 16, 2024, and a first supplementary prospectus dated August 29, 2024. These documents have been submitted to the National Storage Mechanism and are available for public inspection.
This announcement and the offering detailed in the prospectus are not intended for distribution in the United States or to any U.S. persons, as defined under Regulation S of the U.S. Securities Act of 1933. The bonds have not been registered in the U.S. and will only be offered outside of the U.S. to non-U.S. persons.
The bank has also incorporated by reference its 2024 Annual Information Form, the 2024 Annual Report, and an Investor Report, all of which provide additional financial information and context for potential investors.
The release of this prospectus is a regulatory step for RBC in offering its covered bonds to international investors. Covered bonds are debt securities backed by cash flows from mortgages or public sector loans and are typically seen as a secure investment.
The Royal Bank of Canada, one of the country's largest banks, has not released any further details on the timing or terms of the bond issuance. Interested parties can access the full supplementary prospectus and related documents online.
This news is based on a press release statement from the Royal Bank of Canada.
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