Green Bond Fact Sheet

Issuer Name Royal Bank of Canada

Date: 02 May 2019

Issue date: 02-05-2019 Maturity date: 02-05-2024 Tenor: 5Issuer NameRoyal Bank of Canada

Amount Issued

EUR500m (USD560m)

Country of risk

CanadaCBI Database

Included

Issuer Type1

Financial corporate

Bond Type

Senior unsecured

Green Bond Framework

Framework

Second party opinion

Sustainalytics

Certification Standard

Not certified

Assurance report

N/A

Certification Verifier

N/AGreen bond rating

N/A☒ Energy☐ Solar☐ Onshore wind
☐ Offshore wind
☐ Geothermal☐ Hydro☐ Tidal☐ Biofuels☐ Bioenergy☐ District heating☐ Electricity grid

☐ Energy storage☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☒ Buildings☐ Certified Buildings☐ HVAC systems☐ Energyperformance☐ Water performance☐ Energy storage/meters☐ Other energy related☐ Industry: components☐ Adaptation & resilience☒ Transport☐ Electric vehicles☐ Low emissionvehicles☐ Bus rapid transit☐ Passenger trains☐ Urban rail

☐ Freight rolling stock☐ Coach / public bus☐ Bicycle infrastructure☐ Energy performance☐ Transport logistics☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☒ Water & wastewater☐ Water distribution☐ Water treatment☐ Wastewatertreatment☐ Water storage☐ Storm water mgmt
☐ Flood protection☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☒ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Waste to energy☐ Industry: components☐ Adaptation & resilience

Use of Proceeds☒ Land use & agriculture☐ Afforestation/parks☐ FSC Forestry☐ FSC Cellulose &paper☐ Land remediation☐ Energy/water efficiency☐ Sustainable agriculture☐ Adaptation & resilience☐ Other☐ Adaptation &resilience☐ ICT☐ Industry: process

Issue details
Reporting

RBC will report annually, on any outstanding green bonds, information regarding allocationand impacts. Allocation information will include amounts aggregated at the category level,
while impact reporting will include key performance indicators at the category level.

Company information

RBC is a diversified financial services company, and the largest bank in Canada by market
capitalization. Founded in 1864, Royal Bank serves 16m clients in 36 countries, providing
personal and commercial banking, insurance, wealth management, and investment
products and services.

Firsts, records andcertificationsFirst green bond issuance from a Canadian bank in 2019, and only the second such issuer
ever (following TD Bank’s two bonds).

Proceeds description

RBC will use the green bond proceeds to finance or refinance, in whole or in part, loans toeligible companies or projects that provide environmental benefits. The framework defines
eligibility criteria in seven areas: Renewable Energy, Energy Efficiency, Pollution Prevention
and Control, Environmentally Sustainable Management of Living Natural Resources andLand Use, Clean Transportation, Sustainable Water and Wastewater Management, andGreen Buildings.

Climate Bonds view

Large financial institutions have the power to considerably scale up financing to green
projects. We therefore especially welcome this issuance from RBC, the second Canadianbank to issue a green bond, and hope that it helps propel more issuance from North
American, and indeed global, financial institutions.
BNP, CACIB, Danske Bank, ING, RBC CM, SocGen

Underwriters
Deal comments
Credit Rating
Pricing summary

Price 99.476%, yield 0.356, issue spread 77.3bp

Investors summary

1Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, non-financial
corporate, sovereign