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Royal Bank of Canada

TSX Exchange | Nov 17, 2019, 3:42 AM EST | Real-time price

RY $ 108.81 RT
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Royal Bank of Canada to redeem subordinated debentures
Royal Bank of Canada to redeem subordinated debentures

Canada NewsWire

TORONTO, Oct. 18, 2019 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE) today announced its intention to redeem all outstanding 2.99 per cent subordinated debentures due December 6, 2024 for 100 per cent of their principal amount plus accrued interest to, but excluding, the redemption date. The redemption will occur on December 6, 2019. The current principal amount of 2.99 per cent subordinated debentures outstanding is $2,000,000,000.

The redemption of the debentures will be financed out of the general corporate funds of Royal Bank of Canada.

SOURCE Royal Bank of Canada

View original content: http://www.newswire.ca/en/releases/archive/October2019/18/c1665.html

Investor contact: Asim Imran, Investor Relations, asim.imran@rbc.com, 416-955-7804; Media contact: Maria McGee, Corporate Communications, maria.mcgee@rbc.com, 416-974-2789Copyright CNW Group 2019

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