Royal Bank of Canada to redeem NVCC subordinated debentures
April 24 2020 - 7:34AM
PR Newswire (Canada)
TORONTO, April 24, 2020 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE) today announced
its intention to redeem all outstanding Non-Viability Contingent
Capital (NVCC) 2.48 per cent subordinated debentures due
June 4, 2025 for 100 per cent of
their principal amount plus accrued interest to, but excluding, the
redemption date. The redemption will occur on June 4, 2020. The current principal amount of
2.48 per cent NVCC subordinated debentures outstanding is
$1,000,000,000.
The redemption of the debentures will be financed out of the
general corporate funds of Royal Bank of Canada.
SOURCE Royal Bank of Canada
Copyright 2020 Canada NewsWire
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