Our core capabilities
A full range of debt financing and advisory capabilities tailored to client needs, market conditions, and investor demand.
Investment Grade Bonds
Access capital across major markets and currencies through bond issuance strategies tailored to funding needs, market windows, and issuer objectives.
#1 CAD Bookrunner
for nearly 30 years
running, and
#9 USD Bookrunner
for nearly 30 years
running, and
#9 USD Bookrunner
Distribution strength
340 institutional sales professionals globally, providing investor access across USD, CAD, EUR, GBP, and AUD markets.
Product types
- Senior unsecured notes
- Secured debt
- Subordinated debt
- Capital securities
Capital Securities
Access flexible, lower-cost equity-like structures through hybrid and preferred securities that optimize capital needs satisfying investor demand and rating agency criteria.
#1 Bank $25 Par
Preferred League
Table and
#2 Bank All Preferred
League Table
Preferred League
Table and
#2 Bank All Preferred
League Table
(Bloomberg, 2024-2025)
Distribution strength
A unique distribution network brings together leading wealth management reach with deep institutional and middle-market sales coverage, helping connect issuers with the right investor base across markets.
Product types
- Preferred stock
- Junior subordinated notes
- Capital securities
- Structured hybrid securities
Liability Management
Enhance balance sheet flexibility and address refinancing priorities through liability management solutions tailored to capital structure and timing needs.
#5 Liability
Management League
Table with $42B+ in
transactions
Management League
Table with $42B+ in
transactions
(Bloomberg, 2025-2026)
Market coverage
Advisory and execution across investment-grade, high-yield, convertible, preferred, sovereign, municipal, and other debt structures, spanning USD, CAD, EUR, GBP, and AUD markets.
Transaction capabilities
- Tender offers
- Exchange offers
- Consent solicitations
- Open-market repurchase programs
Private Placements
Access long-term capital through bespoke private funding solutions designed to support diversification, tenor extension, and issuer-specific financing priorities.
#10 USPP League
Tables
Tables
(Refinitiv U.S. Private Placement Review, 2026)
Advisory coverage
Private placement advisory focused on structuring, maturity profile design, and funding strategies aligned to issuer objectives across sectors, currencies, and geographies.
Product types
- Senior unsecured notes
- Senior secured notes
- First mortgage bonds
- Amortizing notes
- ABS securitizations
- Loan format
Commercial Paper
Access short-term funding solutions that support liquidity management, working capital needs, and ongoing funding flexibility.
#3 Largest USCP Dealer by share of total outstandings, rated Aa1/AA-
The highest-rated CP dealer in the U.S.
Distribution strength
Access to a diverse investor base through a multi-channel distribution network, supported by 26 sales offices across North America and direct access to Canadian investors in USD assets.
Expertise
- U.S. Commercial Paper (Tier 1, Tier 2, Tier 3 programs)
- Short-term funding across a range of maturities
- Flexible use of proceeds, subject to applicable SEC exemptions
- Streamlined documentation relative to traditional bond issuance
Sustainable Finance
Advance financing objectives through sustainable debt solutions aligned to strategic priorities, stakeholder expectations, and evolving market standards.
$45B+ GSSS bonds underwritten, with a commitment to finance C$500B in sustainable finance
Advisory coverage
Sustainable finance advisory spanning debt structuring, ESG integration, reporting alignment, and financing strategies designed to support environmental and socioeconomic objectives.
Solutions and capabilities
- Sustainable debt structuring advisory
- ESG-integrated structured investment solutions
- ESG due diligence advisory for private equity and M&A transactions
- Reporting alignment to sustainability standards
- Environmental markets solutions, including carbon and renewable energy
Complementary capabilities
Specialized capabilities that complement debt issuance with advisory solutions across capital structure, ratings, regulatory, and risk management.
Capital advisory
Strategic guidance on capital structure, funding alternatives, and long-term financing priorities, helping clients evaluate funding pathways and plan with greater clarity.
Ratings advisory
Dedicated ratings advisory support across process, positioning, and materials, helping clients navigate agency engagement and present their credit story effectively.
Regulatory advisory
Guidance on regulatory requirements, compliance considerations, and documentation standards across jurisdictions, helping clients navigate evolving frameworks and keep transactions moving.
Cross-border solutions
Multi-currency funding advice and execution across North American, European, and global markets, supported by RBC's international platform.
Market connectivity & intelligence
Our Debt Capital Markets bankers work hand-in-hand with our industry coverage teams across M&A, equity capital markets, and corporate banking — bringing debt capital markets expertise directly into client conversations and ensuring seamless, coordinated advice at every stage of the financing lifecycle.
Client success
Notable transactions
RBC has led several landmark transactions over the years.
Jun 2026
A$750 million
Active Bookrunner
Senior Secured Notes
Jun 2026
US$3.75 billion
Active Bookrunner
Hybrid Notes
Jun 2026
C$14 billion
Joint Active Bookrunner
Senior Unsecured Notes
May 2026
A$1 billion
Joint Lead Manager/Arranger
Senior-Preferred Notes
May 2026
C$8.5 billion
Joint Active Bookrunner/Hedge Manager
Senior Unsecured Notes
Apr 2026
US$1.75 billion
Active Bookrunner/Billing & Delivery Agent
Senior Unsecured Notes
May 2026
£865 million
Active Bookrunner
Hybrid Notes
Mar 2026
US$37 billion
Joint Bookrunner
Senior Unsecured Notes
Feb 2026
€2.25 billion / £600 million
Joint Active Bookrunner
Junior Subordinated Notes
Feb 2026
€1.5 billion
Joint Active Bookrunner
Senior Unsecured Offering
Feb 2026
US$20 billion
Joint Active Bookrunner
Senior Unsecured Notes
Feb 2026
US$3.8 billion
Joint Active Bookrunner
Senior Unsecured Notes
Jun 2024
C$7.15 billion
Financial Advisor/Lead Left Bookrunner
First Lien Senior Secured Notes
RBC CapApp
Track global primary issuance, monitor USD secondary market trading, and access live Treasury yields and market commentary — all in one place. RBC's award-winning mobile app gives you real-time intelligence on the fixed income market, wherever you are.
- Real-time global primary market issuance tracking
- USD secondary market bond trading insight
- Live U.S. Treasury yields
- New issue summary, insights & commentary
Market insights
Expert perspectives on the trends shaping global markets.