REG - RBC Europe Ltd RBC Europe Ltd Royal Bank of Canada - Stabilisation Notice

Banco Santander SAAnnouncement

09/01/2023 09:45

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RNS Number : 0769M  RBC Europe Ltd  09 January 2023

9(th) January 2023

Not for distribution, directly or indirectly, in or into the United States or
any jurisdiction in which such distribution would be unlawful.

RBC GBP 5yr SONIA Covered FRN

Pre-Stabilisation Period Announcement

RBC Europe Limited (Syndicate Desk; telephone: 0207 029 7161) hereby gives
notice that as Stabilising Coordinator, the Stabilisation Manager(s) named
below may stabilise the offer of the following securities in accordance with
Commission Delegated Regulation (EU) 2016/1052 under the Market Abuse
Regulation (EU/596/2014).)

 

 The securities:
 Issuer:                                                                    Royal Bank of Canada
 Guarantor (if any)                                                         RBC Covered Bond Guarantor LP
 Aggregate nominal amount:                                                  GBP Benchmark
 Description:                                                               RBC GBP Benchmark 5yr SONIA Covered
 Offer price:                                                                TBC 
 Other offer terms                                                           TBC 

 Stabilisation:
 Stabilisation Manager(s):                                                  Banco Santander, S.A; Barclays Bank PLC; HSBC Bank Plc; Lloyds Bank Corporate
                                                                            Markets plc; RBC Europe Limited; Standard Chartered Bank
 Stabilisation period expected to start on:                                 9(th) January 2023
 Stabilisation period expected to end no later than:                        For maximum of 30 days after the proposed issue date of the securities
 Existence, maximum size and conditions of use of over-allotment facility:  The Stabilisation Manager(s) may over‑allot the securities to the extent
                                                                            permitted in accordance with applicable law.
 Stabilisation Trading Venue(s):                                            London Stock Exchange

 

In connection with the offer of the above securities, the Stabilisation
Manager(s) may over-allot the securities or effect transactions with a view to
supporting the market price of the securities at a level higher than that
which might otherwise prevail. However, stabilisation may not necessarily
occur and any stabilisation action, if begun, may cease at any time. Any
stabilisation action or over‑allotment shall be conducted in accordance with
all applicable laws and rules.

In addition, if and to the extent that this announcement is communicated in,
or the offer of the securities to which it relates is made in, the UK or any
EEA Member State before the publication of a prospectus in relation to the
securities which has been approved by the competent authority in the UK or
that Member State in accordance with Regulation (EU) 2017/1129 (the
"Prospectus  Regulation") (or which has been approved by a competent
authority in another Member State and notified to the competent authority in
the UK or that Member State in accordance with the Prospectus Regulation),
this announcement and the offer are only addressed to and directed at persons
in the UK or that Member State who are qualified investors within the meaning
of the Prospectus Regulation (or who are other persons to whom the offer may
lawfully be addressed) and must not be acted on or relied on by other persons
in the UK or that Member State.

 

This announcement is not an offer of securities for sale into the United
States. The securities have not been, and will not be, registered under the
United States Securities Act of 1933 and may not be offered or sold in the
United States absent registration or an exemption from registration. There
will be no public offer of securities in the United States.

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