Date Closed

April 20, 2005

Lead Office

Toronto

Value

1.20 Billion CAD

On April 20, 2005, Golden Credit Card Trust completed a public offering of C$1,146 million 4.047% credit card receivables-backed senior notes, series 2005-1, and C$54 million 4.567% credit card receivables-backed subordinated notes, series 2005-1. The deal closed on April 20, 2005. RBC Dominion Securities Inc. led the underwriting syndicate. Royal Bank of Canada is the seller and the servicer of the credit card receivables acquired by the trust, which back the series 2005-1 notes.

McCarthy Tétrault LLP advised Golden Credit Card Trust with a team led by Dean Masse.