Royal Bank of Canada to redeem subordinated debentures - CBS4 - WHBF Quad Cities, IL-IA News Weather Sports

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

SOURCE RBC

TORONTO, May 1, 2013 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE) today announced its intention to redeem all outstanding 5.00 per cent subordinated debentures due June 6, 2018 (the "5.00 per cent debentures") for 100 per cent of their principal amount plus accrued interest to the redemption date. The redemption will occur on June 6, 2013. The current principal amount of 5.00 per cent debentures outstanding is $1,000,000,000.

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

©2012 PR Newswire. All Rights Reserved.