Client Work Detail
matter
RBC Issues Samurai Bonds
CLIENT
Royal Bank of Canada
DATE
April 22, 2008
EXPERTISE
Corporate Finance and Securities, Tax, Corporate and Commercial, Banking and Financial Products
LAWYER(S)
Pursuant to securities registration statements filed with the Director-General, Kanto Local Finance Bureau of the Ministry of Finance of Japan on April 4, 2008 and amendments thereto filed on various dates through to April 22, 2008, Royal Bank of Canada issued JP¥28.3 billion (approx. CDN$276.4 million) aggregate principal amount of Japanese Yen Bonds.
First Series (2008), due April 26, 2013, JP¥37.8 billion (approx. CDN$369.2 million) aggregate principal amount of Japanese Yen Bonds - Second Series (2008) due April 26, 2011, and JP¥80.2 billion (approx. CDN$783.3 million) aggregate principal amount of Japanese Yen Floating Rate Bonds. Daiwa Securities SMBC Co. Ltd., Mizuho Securities Co., Ltd. and Nikko Citigroup Limited acted as Joint-Lead Managers for the offering. Each series of bonds are "Samurai bonds," which are yen bonds issued in Japan by non-Japanese entities.
External Canadian counsel to RBC was Ogilvy Renault with a team that included Dawn Whittaker (Securities), Paul Carenza (Tax), and Heidi Reinhart (Securities).
