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RY Royal Bank of Canada

162.95
-0.67 (-0.41%)
20 Mar 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Royal Bank of Canada TSX:RY Toronto Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.67 -0.41% 162.95 162.79 163.18 163.82 161.82 162.61 2,501,169 20:59:15

Royal Bank of Canada to redeem NVCC subordinated debentures

05/11/2024 10:07pm

PR Newswire (Canada)


Royal Bank of Canada (TSX:RY)
Historical Stock Chart


From Sep 2024 to Mar 2025

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TORONTO, Nov. 5, 2024 /CNW/ - Royal Bank of Canada (TSX: RY) (NYSE: RY) today announced its intention to redeem all outstanding Non-Viability Contingent Capital (NVCC) 2.88 per cent subordinated debentures due December 23, 2029 for 100 per cent of their principal amount plus accrued interest to, but excluding, the redemption date. The redemption will occur on December 23, 2024. The current principal amount of 2.88 per cent NVCC subordinated debentures outstanding is $1,500,000,000.

RBC (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.

For further information, please contact: 

Investor contact:
Asim Imran, Investor Relations, asim.imran@rbc.com, 416-955-7804

Media contact:
Fiona McLean, Corporate Communications, fiona.mclean@rbc.com, 437-778-3506

SOURCE Royal Bank of Canada

Copyright 2024 Canada NewsWire

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