TORONTO, March 2 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE) today
announced its intention to redeem all outstanding 6.75% subordinated
debentures due June 4, 2012 (the "6.75% debentures"), for 100 per cent of
their principal amount plus accrued interest to the redemption date. The
redemption will occur on June 4, 2007 and is subject to OSFI approval. There
is currently $500,000,000 principal amount of 6.75% debentures outstanding.
The redemption of the debentures will be financed out of the general
corporate funds of Royal Bank of Canada.
For further information:
For further information: Media contact: Beja Rodeck, Media Relations,
Toronto, (416) 974-5506 or toll-free 1-888-880-2173, firstname.lastname@example.org;
Investor contact: Dave Mun, Investor Relations, Toronto, (416) 955-7808,