Home > Market Activity > Get Quotes > News > News Article

Royal Bank of Canada

Exchange: TSX Exchange | Jul 18, 2019, 4:47 PM EDT

RY
$ 104.50 real time data Change Up
Change:
0.17 (0.16%)
Volume:
2,937,019
Real-time price
Day Low 104.11
Day High 104.79
52 Week Low 90.10
52 Week High 107.91


 Back
,
Royal Bank of Canada to redeem NVCC subordinated debentures
Royal Bank of Canada to redeem NVCC subordinated debentures

Canada NewsWire

TORONTO, June 10, 2019 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE) today announced its intention to redeem all outstanding Non-Viability Contingent Capital (NVCC) 3.04 per cent subordinated debentures due July 17, 2024 for 100 per cent of their principal amount plus accrued interest to, but excluding, the redemption date. The redemption will occur on July 17, 2019. The current principal amount of 3.04 per cent 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.

About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 84,000+ employees who bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank, and one of the largest in the world based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to more than 16 million clients in Canada, the U.S. and 34 other countries. Learn more at rbc.com.‎

SOURCE RBC

View original content: http://www.newswire.ca/en/releases/archive/June2019/10/c6267.html

Investor contact: Asim Imran, Investor Relations, 416-955-7804, asim.imran@rbc.com; Media contact: Ka Yan Ng, Corporate Communications, 416-974-3058, kayan.ng@rbc.comCopyright CNW Group 2019

Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. View delay times for all exchanges. Market Data powered by QuoteMedia. See the QuoteMedia Terms of Use.