Royal Bank of Canada to redeem NVCC subordinated debentures
December 03 2020 - 7:37AM
PR Newswire (Canada)
TORONTO, Dec. 3, 2020 /CNW/ - Royal Bank of Canada (TSX: RY) (NYSE: RY) today announced
its intention to redeem all outstanding Non-Viability Contingent
Capital (NVCC) 3.31 per cent subordinated debentures due
January 20, 2026 for 100 per cent of
their principal amount plus accrued interest to, but excluding, the
redemption date. The redemption will occur on January 20, 2021. The current principal amount of
3.31 per cent NVCC subordinated debentures outstanding is
$1,500,000,000.
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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