Davis Polk advised RBC Capital Markets, LLC and J.P. Morgan Securities LLC as lead managers on an SEC-registered offering by Royal Bank of Canada of $800 million aggregate principal amount of 1.45% senior notes due 2016 and $1.2 billion aggregate principal amount of senior floating-rate notes due 2016 under its $25 billion medium-term notes program.

Royal Bank of Canada is Canada’s largest bank based on assets and market capitalization, and one of the largest in the world based on market capitalization. RBC is one of North America’s leading diversified financial service companies, and provides personal and commercial banking, wealth management services, insurance, investor services and wholesale banking on a global basis.

The Davis Polk corporate team included partner Luigi L. De Ghenghi, associate Ryan G. Mitteness and law clerk Ferrell Maguire. Partner Lucy W. Farr and associate Nicole P. Field provided tax advice. All members of the Davis Polk team are based in the New York office.