SYS-CON MEDIA Authors: Jason Bloomberg, Kevin Benedict, David H Deans, RealWire News Distribution, Gilad Parann-Nissany

News Feed Item

Royal Bank of Canada to redeem subordinated debentures

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.

SOURCE RBC

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.