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RY Royal Bank of Canada

105.60
-0.76 (-0.71%)
27 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Royal Bank of Canada NYSE:RY NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.76 -0.71% 105.60 105.80 105.06 105.80 482,560 00:58:56

Royal Bank of Canada to redeem NVCC subordinated debentures

10/06/2024 1:25pm

PR Newswire (Canada)


Royal Bank of Canada (NYSE:RY)
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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.

RBC logo (CNW Group/Royal Bank of Canada)

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

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