A cross-border Norton Rose Fulbright team from Sydney and London has advised the Sydney branch of Royal Bank of Canada (RBC) on its five-year A$1.1 billion fixed and floating notes under its Australian Debt Issuance Programme.

The Notes, issued today, form part of RBC’s US$40 billion global Programme for the Issuance of Securities. They are settled in Australia’s domestic clearing system, Austraclear, and indirectly in Euroclear and Clearstream.

RBC has now issued a total of A$2.3 billion of fixed and floating notes this year, making it the biggest issuer in the Kangaroo market so far this year.

Sydney partner Tessa Hoser commented:

“We were delighted to be able to act again for RBC in another A$1 billion-plus transaction. RBC has established itself as a leading issuer in the Kangaroo market and this transaction shows the continued appetite amongst fixed income investors for top issuers.”

The team, led by Tessa Hoser and partner Peter Noble in London, was assisted by Vittorio Casamento in Sydney and Alison Hutchings in London.