Description: Royal Bank of Canada issued US$2.5 billion of senior bail-in bonds as Canadian banks dive into record issuance before the fiscal fourth quarter ends even as borrowing cost rise amid concerns of a looming global recession.

​Source: BNNBloomberg.com – video report

Date: Oct 20, 2022

Link: https://www.bnnbloomberg.ca/rbc-adds-us-2-5b-to-canadian-bank-bond-sales-spree-1.1835444

Questions for discussion:

• What does the report say about bank borrowing costs and the impact this will have on earnings?
• Should investors be concerned?