Whether you need to refinance your operations, raise funds for an acquisition or restructure existing debt, we offer a powerful combination of global capabilities, sector knowledge and unrivalled execution, all backed by a strong balance sheet and one of the best credit ratings among global banks.

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$

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.

C$

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.

AU$

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

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

Amery Dunn is the Head of U.S. Investment Grade Debt Capital Markets. Under his tenor RBC has grown to become a top underwriter in the U.S. of debt and preferred products. Prior to joining RBC Capital Markets 8 years ago, Dunn spent 20 years at Merrill Lynch where he was the Head of U.S. Syndicate. Dunn has an undergraduate degree from Penn State University and a Masters of Business from Fordham University in New York.

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

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.

Robert McCormack is Managing Director, Head of FICC Australia and joined RBC in 2010. He has been leading transactions in the EUR, GBP, 144a, USPP and A$ capital markets for the firm’s Australian corporate clients since 2010.

He commenced his career as a graduate lawyer with Allens Arthur Robinson in 2001 where he worked on M&A and capital markets financings for 5 years. Robert subsequently moved into finance and appointed Head of Hybrid Capital for Westpac Institutional Bank in Sydney. He also worked for Hastings Funds Management in London.

Robert holds Bachelor’s degrees in Commerce and Law.