Royal Bank of Canada to redeem NVCC subordinated debentures
TORONTO, April 15, 2025 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE) today announced its intention to redeem all outstanding Non-Viability Contingent Capital (NVCC) 2.088 per cent subordinated debentures due June 30, 2030 for 100 per cent of their principal amount plus accrued interest to, but excluding, the redemption date. The redemption will occur on June 30, 2025. The current principal amount of 2.088 per cent NVCC subordinated debentures outstanding is $1,250,000,000.
The redemption of the debentures will be financed out of the general corporate funds of Royal Bank of Canada.
For further information, please contact:
Investor contact:
Asim Imran, Investor Relations, asim.imran@rbc.com, 416-955-7804
Media contact:
Gillian McArdle, Financial Communications, gillian.mcardle@rbccm.com, 416-842-4231
SOURCE Royal Bank of Canada
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Most Discussed
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10