US Wrap: RBC rolls out next big tranche of reverse convertibles

Royal Bank of Canada (RBC) has launched 27 new reverse convertible notes into the US market. Nearly half are linked to commodity sector equities, confirming the recent shift in investment appetite towards provider stock exposure rather than the commodity futures themselves. The notes stretch across energy, metals and agriculture, featuring shares like Weatherport, the oil drilling company, and copper and gold mining company Freeport.

One of the highest coupons on offer was for a note structured

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