RBC Issues $1.1 Billion in Non-Viability Contingent Capital Notes

Royal Bank of Canada has announced an issue of $1.1 billion in non-viability contingent capital (NVCC) Additional Tier 1 (AT1) Limited Recourse Capital Notes, Series 9.

The bank stated that the notes are being offered on a private placement basis, with no admission sought for listing on any stock exchange.

The issue is part of Royal Bank's funding requirements and will be used to support the bank's operations, according to the announcement.