NBC: notes linked to banking sector fall flat

SRP data shows that NBC’s issuance of products linked to underlyings such as Royal Bank of Canada, CIBC, and Bank of Montreal fell from 183 in Q1 20 to 54 in Q1 21 , despite maintaining its dominance among the multiple sectors in which investors are interested. The most recent product to be issued linked to the banking sector is the RBC Callable Yield Canadian Banks Securities note. With a strike date of 15 January 2021, the income product will reach maturity in seven years exactly and wa