A Full Range of Debt Services
Our services include:
- Marketing and execution of public and private debt instruments
- Structuring transactions
- Liability management
- Ratings advisory
- Derivative execution
Global Insights and Support
Our services With offices in all major centres of finance, our Debt Capital Markets team works seamlessly with specialists across RBC to bring clients the expertise and execution they need. We serve issuers across the rating spectrum - from investment grade to high yield - and in all industries, including Corporate, Financial Institution and Sovereign, Supranational and Agency clients.include:
Discover Our Areas of Expertise
RBC Capital Markets has extensive knowledge and experience across all sectors. And as these industries evolve, we help our clients navigate the changes and offer them the market insights and strategies they needed for success.
Corporations
- Aerospace & Defense
- Automotive
- Business Services
- Communications, Media & Entertainment
- Consumer & Retail Goods
- Healthcare
- Industrials & Diversified
- Infrastructure
- Metals & Mining
- Oil & Gas
- Pharmaceutical & Healthcare
- Real Estate
- Social Infrastructure
- Technology & Telecommunications
- Transportation
- Utilities & Renewables
Financial Institutions
- Asset Managers
- Banks & Deposit-taking Institutions
- Insurance Companies
- Senior Debt, Covered Bonds, Subordinated Debt, Capital & Hybrid Securities
Sovereigns, Supranationals & Agencies
- Sovereigns
- Supranationals
- Government Agencies
- Municipalities
- Regional Agencies
- Local Authorities
Currency Capabilities
US Dollar
US Dollar
Our full suite of US capabilities enables us to provide high quality advice and execution across all products in our clients’ capital structures – resulting in a top 10 ranking in underwriting.
Euro
Euro
We have a team of experts in our European offices to support clients across all market sectors. Bookrunner roles have grown by double-digit figures year-over-year and our Debt Capital Markets group has made significant progress in gaining market share and expanding RBC’s European franchise.
Sterling
Sterling
RBC Capital Markets is a leading sterling market participant. We have been a Gilt-Edged Market Maker (GEMM) since November 2000 and have regularly been ranked within the top five banks in the sterling-denominated bond league tables.
Canadian Dollar
Canadian Dollar
We are consistently ranked as lead underwriter of Canadian dollar debt. Our Debt Capital Markets team has pioneered several developments in the Canadian market, including the high yield and maple markets.
Australian Dollar
Australian Dollar
Our commitment to Australian dollar debt has resulted in RBC Capital Markets maintaining a leadership position in underwriting transactions for both domestic and offshore issuers.
Other Currencies
Other Currencies
RBC is a lead underwriter, trader and distributor in many local market currency bonds. Our Debt Capital Markets team regularly executes transactions across a wide range of currencies, and we’re a market leader in the Norwegian Krona, Turkish Lira and South African Rand markets.
Our Team
Robert McCormack is a Managing Director and Head of Global Markets in Australia.
RBC’s Global Markets platform in Australia provides our clients with a comprehensive service across local and global fixed income and equity markets. Our expertise extends across sales & trading, origination & structuring, research, foreign exchange and securities financing.
Robert has been leading transactions in the local and offshore bond markets for the firm’s Australian corporate clients since he joined RBC Capital Markets in 2010. He commenced his career as a graduate lawyer with Allens Arthur Robinson in Sydney where he worked across M&A and capital markets for 5 years. Robert subsequently moved into finance and held roles in capital markets origination in Sydney and funds management in London. Robert holds bachelor’s degrees in Commerce and Law.
Dan Botoff is a Managing Director and Head of U.S. Investment Grade Debt Syndicate. Prior to joining RBC in 2014, Dan spent 5 years at UBS where he was Head of the US Fixed Income Syndicate desk. Over that period, he oversaw Corporate, FIG, Supranational, Sovereign, and Emerging Market issuance. This included transactions distributed to the UBS retail network, institutional term debt, and hybrid capital markets. Prior to working at UBS, Dan was at Citi for 14 years, involved in both syndicate and debt capital markets coverage. Overall, Dan brings 20+ years experience advising clients in all areas of fixed income. He has in-depth experience in executing both structured and unsecured transactions for the largest global borrowers. Dan holds a BA from Rutgers College
Rob Brown is the Managing Director and Co-Head of Canadian Debt Capital Markets. He joined RBC Capital Markets in 2000 and prior to joining the Debt Capital Markets group in 2005, he worked in the infrastructure finance group and investment banking team at RBC.
In his current role, Rob manages a team of professionals that deliver debt funding solutions to corporate and government clients. The Canadian debt capital markets team works closely with partners across RBC’s global platform to deliver currency and market-agnostic funding advice, execution, ratings advisory and liability management services to investment grade and high yield issuers. Rob has experience with both public and private fixed income markets spanning investment grade and high yield, project finance and medium term note programs.
Rob has a Bachelor of Commerce (honours) degree from Queen’s University and holds the CFA designation
Patrick MacDonald is Co-Head of Canadian Debt Capital Markets for RBC Capital Markets. This group extends to debt syndication and client coverage for Investment Grade and High Yield debt issuers in the corporate, financial and government sectors and includes responsibility for the derivative solutions group for these respective sectors.
Patrick and his team are responsible for developing funding solutions for Canadian clients locally while identifying opportunities across RBC’s global debt funding platform. The team is also responsibility for offering advice to international issuers who are seeking opportunities in the Canadian dollar market.
He joined RBC in 2008. Prior to joining RBC in Toronto, Patrick spent 10+ years in London working for a couple international banks, in addition to his time at RBC in London.
Patrick earned a Business (Finance) Degree from Acadia University and an MSc in International Securities, Investment and Banking from Reading University, ISMA Center
Sean Taor has over 30 years of Capital Markets experience. He joined RBC in 2010 as Head of Public Sector Debt Capital Markets (DCM) and was appointed Head of European DCM in 2011. Prior to joining RBC he spent 18 years at Barclays where he held various Capital Market roles, including head of Rates Syndicate globally.
Sean's DCM experience is extensive - having been involved in the underwriting of over $1 trillion of syndicated fixed income transactions across SSA, Corporate and FIG issuance. He has been awarded GlobalCapital’s ‘Sovereign Banker of the Year’ and recognised as one of the ‘Top 25 most Influential DCM Market Participants’. He also represents RBC on several industry market practice and Risk Free Rates committees including ICMA’s Primary Markets Practice Committee, the Sterling RFR Bond sub-group and the SONIA Stakeholders Advisory Group.
Sean sits on RBC Europe’s Capital Markets Operating Committee and FICC Operating Committee as well as the Asset-Liability, Best Execution and Product Governance committees.