TORONTO, Oct. 1, 2015 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE)
today announced its intention to redeem all outstanding 3.18 per cent
subordinated debentures due November 2, 2020 (the "3.18 per cent
debentures") for 100 per cent of their principal amount plus accrued
interest to, but excluding, the redemption date. The redemption will
occur on November 2, 2015. The current principal amount of 3.18 per
cent 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:
Julia Macleod, Investor Relations, 416-955-7302
Seema Sharma, Financial Communications, 416-974-5606