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Prospect News home > News index > List of issuers Tenders > Headlines for 2021 > News item
Published on 8/26/2021 in the Prospect News Canadian Bonds Daily, Prospect News Investment Grade Daily and Prospect News Liability Management Daily.

RBC calls all C$1 billion 3.45% subordinated debentures due 2026

By Marisa Wong

Los Angeles, Aug. 26 – Royal Bank of Canada announced it intends to redeem all C$1 billion outstanding 3.45% non-viability contingent capital subordinated debentures due Sept. 29, 2026.

The debentures will be redeemed on Sept. 29 at par plus accrued interest to but excluding the redemption date, according to a press release.

The redemption will be financed out of the Toronto-based bank’s general corporate funds.


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