Royal Bank of Canada to redeem subordinated debentures
TORONTO, November 30, 2007 — Royal Bank of
Canada (RY on TSX and NYSE) today announced its intention
to redeem all outstanding 6.10% subordinated debentures due
January 22, 2013 (the "6.10% debentures"), for 100
per cent of their principal amount plus accrued interest to
the redemption date. The redemption will occur on January
22, 2008 and is subject to OSFI approval. There is currently
$500,000,000 principal amount of 6.10% debentures outstanding.
The redemption of the debentures will be financed out of
the general corporate funds of Royal Bank of Canada.
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For further information, please contact:
Media contact:
Beja Rodeck, Media Relations, Toronto,
(416) 974-5506 or toll-free 1-888-880-2173,
beja.rodeck@rbc.com
Investor contact:
Marcia Moffat, Investor Relations, Toronto,
(416) 955-7803, marcia.moffat@rbc.com
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