From the Wires
Royal Bank of Canada to redeem subordinated debentures
By: PR Newswire
Feb. 27, 2013 07:49 PM
TORONTO, Feb. 27, 2013 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE) today announced that, further to the notice issued on February 11, 2013, regulatory approval has been received for the redemption of all outstanding 4.84 per cent subordinated debentures due March 11, 2018 (the "4.84 per cent debentures"), for 100 per cent of their principal amount plus accrued interest to the redemption date of March 13, 2013. The principal amount of 4.84 per cent 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.
Latest Cloud Developer Stories
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
SYS-CON Featured Whitepapers
Most Read This Week