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Prospect News home > News index > List of issuers T > Headlines for Tenders 2011 > News item
Published on 5/3/2011 in the Prospect News Canadian Bonds Daily and Prospect News Liability Management Daily.

RBC to redeem C$750 million trust capital securities on June 30 at par

By Toni Weeks

San Diego, May 3 - Royal Bank of Canada announced that its closed-end trust, RBC Capital Trust, will redeem all C$750 million of its series 2011 trust capital securities.

According to a press release, the redemption will occur on June 30 at par and will be funded with RBC Capital Trust's general funds.

Separate from the redemption price, the final semiannual distribution of C$35.92 per unit will be paid to holders of the trust capital securities on June 30.

The bank is based in Toronto.


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