Royal Bank of Canada to redeem NVCC subordinated debentures
10 June 2024 - 10:25PM
PR Newswire (Canada)
TORONTO, June 10,
2024 /CNW/ - Royal Bank of Canada (TSX: RY) (NYSE: RY) today announced
its intention to redeem all outstanding Non-Viability Contingent
Capital (NVCC) 2.74 per cent subordinated debentures due
July 25, 2029 for 100 per cent of their principal amount
plus accrued interest to, but excluding, the redemption date. The
redemption will occur on July 25, 2024. The current principal
amount of 2.74 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 2024 Canada NewsWire
Royal Bank of Canada (NYSE:RY)
Historical Stock Chart
From May 2024 to Jun 2024
Royal Bank of Canada (NYSE:RY)
Historical Stock Chart
From Jun 2023 to Jun 2024