Royal Bank of Canada to Redeem Subordinated Debentures
April 28 2017 - 4:19PM
PR Newswire (Canada)
TORONTO, April 28, 2017 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE) today announced
its intention to redeem all outstanding 2.86 per cent subordinated
debentures due June 26, 2037 (the
"2.86 per cent debentures") for 100 per cent of their principal
amount plus accrued interest to and including the redemption date.
The redemption will occur on June 26,
2017. The current principal amount of the 2.86 per cent
debentures outstanding is JPY
10,000,000,000.
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 2017 Canada NewsWire
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