RBC Capital Markets responds to growing investor interest
in rubles with two RUB 2 billion issues
TORONTO and LONDON, January 18, 2007 — RBC Capital
Markets, the corporate and investment banking arm of RBC Financial
Group (RY: TSX and NYSE), this week announced that it has
completed two of the first ever bonds denominated in Russian
rubles (RUB).
"When RUB became an eligible settlement currency on
January 15, we wanted to be there to meet investor interest
in Russian rubles," said Avril Pomper, RBC Capital Markets'
head of fixed income distribution, Europe. "We're very
active in local currencies, and we're seeing that investors
are willing to diversify away from traditional currencies
like the euro and yen into emerging markets like Turkey and
Iceland."
The first issue was RUB 2 billion with a five year term issued
by the European Bank of Reconstruction and Development. The
second issue was RUB 2 billion a four year term issued by
Nordic Investment Bank.
As the 15th largest debt underwriter globally, RBC Capital
Markets is a leader in Sterling and non-core dollar markets,
with a growing presence in Euros and US dollars, and the leader
in U.S. Negotiated Municipal bonds. Trading hubs in London,
New York, Sydney, Tokyo Chicago, and Toronto provide 24-hour
pricing.
About RBC Capital Markets
RBC Capital Markets is the corporate and investment banking
arm of RBC and is active globally in fixed income, foreign
exchange, infrastructure finance, structured products, metals
and mining, and energy. Its North American equity underwriting,
sales, trading and research business dominates the Canadian
market and supports a significant and growing franchise in
the U.S. middle market. The firm's international fixed income,
structured products and treasury businesses are managed from
London, which is the centre of a 24-hour trading platform
with major hubs in Toronto, New York and Sydney. For more
information, please visit: www.rbccm.com.
RBC Capital Markets is a business name used by Royal Bank
of Canada Europe Limited, 71 Queen Victoria Street, London
EC4V 4DE (registered in England 995939), which is regulated
by the FSA and a member of the London Stock Exchange.
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