The Royal Bank of Canada (RBC) officially closed its $2.5 billion U.S. Securities and Exchange Commission (SEC)-registered covered bond issue this morning, sources familiar with the deal said.

SEC registration meant that the $2.5 billion covered bond deal, which was  rated triple-A by   Standard & Poor's, Moody's Investors Service and Fitch Ratings, was able to tap a broader range of investors and also be included on bond indices.

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