The Securities and Exchange Commission's (SEC) response to Royal Bank of Canada's (RBC) request to conduct registered public offerings of covered bonds is likely to fuel growing U.S. dollar demand, according to Fitch Ratings. For ASR's coverage on the topic, please click here.

The SEC's "no action" letter will allow RBC and other issuers to offer covered bonds to a wider range of investors than previous bonds issued under 144A/RegS conventions.

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