Royal Bank of Canada announces SEC registered US$ NVCC subordinated debenture issue

TORONTO, Jan. 22, 2016 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE) today announced an offering of US$1.5 billion of subordinated debentures (the "Notes"). The Notes are registered with the U.S. Securities and Exchange Commission.

The Notes bear interest at a fixed rate of 4.65 per cent per annum (paid semi-annually) until their maturity on January 27, 2026. The expected closing date is January 27, 2016. RBC Capital Markets is acting as lead agent on the issue.

Net proceeds from the sale of the Notes will be added to the bank's general funds and will be utilized for general banking purposes.

The offering is being made by means of a prospectus supplement and accompanying base prospectus. You may obtain a copy of the prospectus supplement and the base prospectus for this offering by contacting RBC Capital Markets, LLC, Three World Financial Center, 200 Vesey Street, 8th Floor, New York, New York 10281, or by calling 1-866-375-6829, or by e-mailing RBCNYFixedIncomeProspectus@rbccm.com.

This press release is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

SOURCE Royal Bank of Canada

For further information: Investor Contacts: Shirley Boudreau, Shareholder Relations, 416-955-7806; Julia Macleod, Investor Relations, 416-955-7302; Media Contact: Seema Sharma, Financial Communications, 416-974-5606


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