TORONTO, Feb. 11, 2013 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE)
today announced its intention, subject to the final approval of the
Office of the Superintendent of Financial Institutions (OSFI), to
redeem on March 13, 2013 (the "redemption date") 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. 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.
For further information:
Karen McCarthy, 416 955-7809
Tanis Feasby, 416 955-5172