TORONTO, Feb. 27, 2013 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE) today announced that, further
to the notice issued on February 11, 2013, regulatory approval has been
received for the redemption of 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 of March 13, 2013. 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