Royal Bank of Canada to redeem NVCC subordinated debentures

About this update from Royal Bank Of Canada

[{"type":"text","content":"\n\n\n\n Royal Bank of Canada to redeem NVCC subordinated debentures\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n TORONTO\n \n\n ,\n \n\n April 15, 2025\n \n\n /CNW/ - Royal Bank of\n \n Canada\n \n (RY on TSX and NYSE) today announced its intention to redeem all outstanding Non-Viability Contingent Capital (NVCC) 2.088 per cent subordinated debentures due\n \n June 30, 2030\n \n for 100 per cent of their principal amount plus accrued interest to, but excluding, the redemption date. The redemption will occur on\n \n June 30, 2025\n \n . The current principal amount of 2.088 per cent NVCC subordinated debentures outstanding is\n \n $1,250,000,000\n \n .\n \n\n\n\n\n\n\n\n\n The redemption of the debentures will be financed out of the general corporate funds of Royal Bank of\n \n Canada\n \n .\n \n\n\n For further information, please contact:\n \n\n\n\n Investor contact:\n \n\n\n Asim Imran\n \n , Investor Relations,\n \n [email protected]\n \n , 416-955-7804\n \n\n\n Media contact:\n \n\n\n Gillian McArdle\n \n , Financial Communications,\n \n\n [email protected]\n \n\n , 416-842-4231\n \n\n\n\n SOURCE Royal Bank of\n \n Canada\n \n\n\n\n\n\n\n View original content to download multimedia:\n \n http://www.newswire.ca/en/releases/archive/April2025/15/c2274.html\n \n\n\n\n\n","length":3679,"tagName":"div"}]

More updates from Royal Bank Of Canada