(aCanadiancharteredbank)
(the Issuer)
RBC COVERED BOND GUARANTOR LIMITED PARTNERSHIP
(the
NOTICE OF RESULTS OF MEETING
to the holders of the:
(ISIN: XS1733227554) (Series: CB35)
(the Series CB35 Covered Bonds or the Covered Bonds and the holders thereof, the Covered Bondholders)
On
The full terms and conditions of the Consent Solicitation were contained in the consent solicitation memorandum dated
Results of the Meeting of the Series CB35 Covered Bondholders
Details of the Covered Bonds | ISIN | Outstanding Principal Amount | Outcome of Meeting |
XS1733227554 | Extraordinary Resolution Passed. |
The Meeting was held earlier today, and NOTICE IS HEREBY GIVEN to the Series CB35 Covered Bondholders that, at the Meeting in respect of the Series CB35 Covered Bonds, the Extraordinary Resolution was duly passed and the Eligibility Condition was satisfied, and accordingly the Amended and Restated Series CB35 Final Terms, the Supplemental Trust Deed and the Amended and Restated Series CB35 Covered Bond Swap Confirmation (the Amendment Documents) relating to the Series CB35 Covered Bonds will be executed on or prior to the Effective Date and the amendments will be effective from
Following the Pricing Time, the Issuer will announce:
a) the LIBOR vs SONIA Interpolated Basis;
b) the Forward Start Adjustment; and
c) the Adjusted Margin (as defined below).
Summary of Modifications to the Conditions
Pursuant to the terms of the Extraordinary Resolution, the Series CB35 Covered Bonds will be modified so that, instead of the Interest Basis being GBP LIBOR, the Interest Basis will now become Compounded Daily SONIA:
a) The Rate of Interest for the Series CB35 Covered Bonds from and including
b) The adjusted Margin (the Adjusted Margin) in respect of the Series CB35 Covered Bonds will be the sum of:
a. from and including the Interest Commencement Date to (but excluding) the Final Maturity Date, 0.23 per cent.; and
b. from and including the Final Maturity Date to (but excluding) the Extended Due for Payment Date, 0.273 per cent.,
and in each case the LIBOR vs SONIA Interpolated Basis plus the Forward Start Adjustment.
Further information relating to the Consent Solicitation can be obtained directly from:
100
EC2N 4AA
Attention: Liability Management Desk
Tel: +44 (0) 20 7029 7031
Email: liability.management@rbccm.com
The Shard,
Tel:+44 20 7704 0880
Email: rbc@lucid-is.com
Attention:
DISCLAIMER This announcement must be read in conjunction with the Consent Solicitation Memorandum. The distribution of this announcement and the Consent Solicitation Memorandum in certain jurisdictions may be restricted by law, and persons into whose possession this announcement and/or the Consent Solicitation Memorandum comes are required to inform themselves about, and to observe, any such restrictions. This announcement is made by the Issuer. None of the Tabulation Agent, the Issuing and Paying Agent, the Solicitation Agent or the Bond Trustee assumes any responsibility for the contents of this announcement or the Consent Solicitation Memorandum.
THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014 (MAR) AS IT FORMS PART OF DOMESTIC LAW BY VIRTUE OF THE
This announcement is made by
This information is provided by RNS, the news service of the
https://news.cision.com/royal-bank-of-canada/r/notice-of-results-of-meeting,c3419537
https://mb.cision.com/Main/8160/3419537/1471602.pdf
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