Davis Polk advised Royal Bank of Canada Capital Markets, LLC, BNP Paribas Securities Corp. and J.P. Morgan Securities LLC as lead dealers of an SEC-registered offering by Royal Bank of Canada of US$900 million aggregate principal amount of senior floating-rate notes due 2014 and US$850 million aggregate principal amount of 2.875% senior notes due 2016 under its US$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, corporate and investment banking and transaction-processing services on a global basis.

The Davis Polk corporate team included partner Luigi L. De Ghenghi, counsel Courtenay U. Myers and associates E. Ashley Harris and Ryan G. Mitteness. Partner Harry Ballan and associate Kerry S. Price provided tax advice. Associate Ann Becchina provided ERISA advice. Catherine E. Thomas was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.