RBC plans to redeem C$1 billion 2.48% debentures on June 4 at par

By Sarah Lizee

Olympia, Wash., April 24 – Royal Bank of Canada plans to redeem all C$1 billion of its non-viability contingent capital 2.48% subordinated debentures due June 4, 2025 on June 4, according to a press release.

The debentures will be redeemed at par plus accrued interest to but excluding the redemption date.

The redemption will be financed out of the general corporate funds of Royal Bank of Canada.

The financial services company is based in Toronto.

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