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Royal Bank of Canada to redeem NVCC subordinated debentures
By AP News - Apr 15, 2025, 11:45 AM ET
Last Updated - Apr 15, 2025, 11:45 AM EDT
TORONTO, April 15, 2025 /CNW/ - Royal Bank of Canada (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 June 30, 2030 for 100 per cent of their principal amount plus accrued interest to, but excluding, the redemption date. The redemption will occur on June 30, 2025. The current principal amount of 2.088 per cent NVCC subordinated debentures outstanding is $1,250,000,000.
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:
Gillian McArdle, Financial Communications, gillian.mcardle@rbccm.com, 416-842-4231
SOURCE Royal Bank of Canada
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