Investor Report

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 RBC Covered Bond Programme Monthly Investor Report
Calculation Date: 4/29/2016
This report contains information regarding assets pledged as security (the Cover Pool) in respect of the obligations under the Covered Bonds issued under RBC's Global Covered Bond Programme as of the indicated Calculation Date.  The composition of the Cover Pool will change as Loans are added and removed from the Cover Pool from time to time and, accordingly, the characteristics and performance of the Loans in the Cover Pool will vary over time.  Certain of the information set forth in this report, including credit bureau scores, current ratings and "The Teranet-National Bank House Price Index™" Methodology has been obtained from and is based upon sources believed by RBC and the Guarantor LP to be accurate, however, neither RBC nor the Guarantor LP makes any representation or warranty, express or implied, in relation to the accuracy, completeness or reliability of such information or assumes any liability for any errors or any reliance you place on such information.  Past performance should not be taken as an indication or guarantee of future performance, and no representation or warranty, express or implied, is made regarding future performance.  The information contained in this report does not constitute an invitation or recommendation to invest or otherwise deal in, or an offer to sell or the solicitation of an offer to buy or subscribe for, any security, which will be made only by a prospectus or otherwise in accordance with applicable securities laws.  Reliance should not be placed on the information herein when making any decision to buy, hold or sell any security or for any other purpose.
THESE COVERED BONDS HAVE NOT BEEN APPROVED OR DISAPPROVED BY CANADA MORTGAGE HOUSING CORPORATION (CMHC) NOR HAS CMHC PASSED UPON THE ACCURACY OR ADEQUACY OF THIS REPORT. THE COVERED BONDS ARE NOT INSURED OR GUARANTEED BY CMHC OR THE GOVERNMENT OF CANADA OR ANY OTHER AGENCY THEREOF.
The Cover Pool is owned by RBC Covered Bond Guarantor Limited Partnership (Guarantor LP), which has no liabilities or claims outstanding against it other than those relating to the RBC Covered Bond Programme. Please click on the link below for additional information about the RBC Covered Bond Programme and the information contained herein. For the meaning of capitalized terms used and not otherwise defined in this report, click the following link and go to the Glossary tab in the Monthly Investor Report section: http://www.rbc.com/investorrelations/fixed_income/covered-bonds-terms.html
In this report, currency amounts are stated in Canadian dollars ("$"), unless otherwise specified.
Programme Information
Outstanding Covered Bonds
Initial C$ Final
Series Principal Amount Translation Rate Equivalent Maturity Date(1) Interest Basis Rate Type
CB2 € 1,250,000,000 1.5070000 C$/€ $1,883,750,000 1/22/2018 4.625% Fixed
CB6 $1,100,000,000 N/A $1,100,000,000 3/30/2018 3.770% Fixed
CB7 CHF 500,000,000 1.1149700 C$/CHF $557,485,000 4/21/2021 2.250% Fixed
CB8 US$2,500,000,000 0.9762000 C$/US$ $2,440,500,000 9/19/2017 1.200% Fixed
CB10 US$1,750,000,000 1.0368000 C$/US$ $1,814,400,000 7/22/2016 1.125% Fixed
CB11 € 2,000,000,000 1.3650000 C$/€ $2,730,000,000 8/4/2020 1.625% Fixed
CB12 AU$1,250,000,000 0.9334000 C$/AU$ $1,166,750,000 8/9/2016 3 month BBSW +0.53% Floating
CB13 US$2,000,000,000 1.0300000 C$/US$ $2,060,000,000 10/1/2018 2.000% Fixed
CB14 € 1,500,000,000 1.4175000 C$/€ $2,126,250,000 10/29/2018 1.250% Fixed
CB15 € 1,000,000,000 1.4694000 C$/€ $1,469,400,000 6/19/2019 0.750% Fixed
CB16 AU$750,000,000 1.0024000 C$/AU$ $751,800,000 9/23/2019 3 month BBSW +0.57% Floating
CB17 US$1,750,000,000 1.0972000 C$/US$ $1,920,100,000 9/23/2019 2.200% Fixed
CB18 US$2,000,000,000 1.2520000 C$/US$ $2,504,000,000 2/5/2020 1.875% Fixed
CB19 $1,500,000,000 N/A $1,500,000,000 3/23/2020 3 month BA +0.36% Floating
CB20 $700,000,000 N/A $700,000,000 3/23/2020 1.590% Fixed
CB21 € 1,000,000,000 1.3870000 C$/€ $1,387,000,000 6/17/2022 0.875% Fixed
CB22 € 279,500,000 1.4017000 C$/€ $391,775,150 7/21/2031 1.652% Fixed
CB23 £400,000,000 1.9872000 C$/£ $794,880,000 7/20/2018 3 month £ Libor +0.28% Floating
CB24 US$500,000,000 1.2986000 C$/US$ $649,300,000 7/23/2018 3 month USD LIBOR +0.30% Floating
CB25 € 1,250,000,000 1.4899000 C$/€ $1,862,375,000 12/16/2020 0.500% Fixed
CB26 US$1,750,000,000 1.3027000 C$/US$ $2,279,725,000 10/14/2020 2.100% Fixed
CB27 € 410,500,000 1.4525000 C$/€ $596,234,800 12/15/2034 1.616% Fixed
CB28 € 100,000,000 1.5370000 C$/€ $153,700,000 1/14/2036 1.625% Fixed
CB29 £350,000,000 1.8915000 C$/£ $662,025,000 3/11/2019 3 month £ Libor +0.50% Floating
CB30 € 1,500,000,000 1.4808000 C$/€ $2,221,200,000 3/11/2021 0.125% Fixed
CB31 US$1,750,000,000 1.3266000 C$/US$ $2,321,550,000 3/22/2021 2.300% Fixed
CB32 $2,000,000,000 N/A $2,000,000,000 4/26/2019 1.400% Fixed
Total $40,044,199,950
OSFI Covered Bond Limit $44,733,539,040
Weighted average maturity of Outstanding Covered Bonds (months) 44.64
Weighted average remaining term of Loans in Cover Pool (months) 28.25
Series Ratings Moody's DBRS Fitch
CB2 Aaa AAA AAA
CB6 Aaa AAA AAA
CB7 Aaa AAA AAA
CB8 Aaa AAA AAA
CB10 Aaa AAA AAA
CB11 Aaa AAA AAA
CB12 Aaa AAA AAA
CB13 Aaa AAA AAA
CB14 Aaa AAA AAA
CB15 Aaa AAA AAA
CB16 Aaa AAA AAA
CB17 Aaa AAA AAA
CB18 Aaa AAA AAA
CB19 Aaa AAA AAA
CB20 Aaa AAA AAA
CB21 Aaa AAA AAA
CB22 Aaa AAA AAA
CB23 Aaa AAA AAA
CB24 Aaa AAA AAA
CB25 Aaa AAA AAA
CB26 Aaa AAA AAA
CB27 Aaa AAA AAA
CB28 Aaa AAA AAA
CB29 Aaa AAA AAA
CB30 Aaa AAA AAA
CB31 Aaa AAA AAA
CB32 Aaa AAA AAA
(1) An Extended Due for Payment Date twelve-months after the Final Maturity Date has been specified in the Final Terms of each Series. The Interest Basis specified in this report in respect of each Series applies until the Final Maturity Date for the relevant Series following which the floating rate of interest specified in the Final Terms of each Series is payable monthly in arrears from the Final Maturity Date to but excluding the Extended Due for Payment Date.
RBC Covered Bond Programme Monthly Investor Report - April 29, 2016 Page 1 of 21

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