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.
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