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