• RBC launched a USD 1.1 billion offering of NVCC AT1 Limited Recourse Capital Notes, Series 9.
• Notes pay 6.275% annually to Nov. 24, 2031, then reset every five years at the 5-year Canada yield + 2.7%.
• Maturity set for Nov. 24, 2086; expected closing date Sept. 29, 2026.
• Recourse limited to trust assets backed by NVCC Non-Cumulative 5-Year Fixed Rate Reset First Preferred Shares, Series CB.
• Proceeds earmarked for general business purposes.

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